If Ethereum breaks through $2900, the mainstream CEX cumulative short liquidation pressure will reach $655 million

BlockBeats News, July 10th, according to Coinglass data, if Ethereum breaks above $2900, the cumulative short liquidation intensity on mainstream CEXs will reach 655 million.

On the other hand, if Ethereum falls below $2700, the cumulative long liquidation intensity on mainstream CEXs will reach 1.452 billion.

BlockBeats Note: The liquidation chart does not show the exact number of contracts awaiting liquidation 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, i.e., intensity.

Therefore, the liquidation chart shows to what extent the target price reaching a certain position will be affected. A higher "liquidation bar" indicates that the price, when reached, will experience a more intense reaction due to a liquidity surge.