$ETH If Ethereum drops below $2900, the mainstream CEX long liquidation pressure will reach 395 million.
BlockBeats News, December 29, according to Coinglass data, if Ethereum falls below $2900, the cumulative long liquidation intensity of mainstream CEX will reach $395 million.
Conversely, if Ethereum breaks above $3000, the cumulative short liquidation intensity of mainstream CEX will reach $497 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the 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 reaching a certain price level will be impacted. A higher "liquidation bar" indicates that the price, once reached, will experience a more intense reaction due to a liquidity cascade.
$ETH #Cex