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If Ethereum drops below $3100, the mainstream CEX long liquidation pressure will reach $427 million
BlockBeats News, January 19th, according to Coinglass data, if Ethereum falls below $3100, the cumulative long liquidation intensity of mainstream CEX will reach 427 million.
Conversely, if Ethereum surpasses $3300, the cumulative short liquidation intensity of mainstream CEX will reach 885 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, that is, intensity.
Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a stronger reaction due to a liquidity cascade when it reaches that level.
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