BlockBeats news, on July 10, according to Coinglass data, if Ethereum breaks through 2900 USD, the cumulative short liquidation intensity of mainstream CEX will reach 655 million.

Conversely, if Ethereum falls below 2700 USD, the cumulative long liquidation intensity of mainstream CEX will reach 1.452 billion.

BlockBeats Note: The liquidation chart does not show 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 nearby liquidation clusters, that is, their intensity.

Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain position. A higher "liquidation bar" indicates that there will be a stronger reaction due to liquidity waves once the price reaches that point.