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If Ethereum drops below $2900, the mainstream CEX long liquidation volume will reach $802 million
BlockBeats News, December 26th, according to Coinglass data, if Ethereum falls below $2900, the total long liquidation strength of mainstream CEX will reach $802 million.
On the other hand, if Ethereum breaks above $3000, the total short liquidation strength of mainstream CEX will reach $228 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., the strength.
Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. A higher "liquidation bar" indicates that once the price reaches that level, a more intense reaction will occur due to a liquidity cascade.
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