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If Ethereum breaks $2900, the mainstream CEX cumulative short liquidation strength will reach $531 million
BlockBeats News, November 23rd, according to Coinglass data, if Ethereum breaks above $2900, the cumulative short liquidation intensity on mainstream CEX will reach $531 million.
Conversely, if Ethereum falls below $2700, the cumulative long liquidation intensity on mainstream CEX will reach $988 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to nearby clusters, i.e., 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 more intense reaction due to a liquidity cascade.
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