If Ethereum drops below $2,400, the mainstream CEX long liquidation pressure will reach 1.12 billion.

BlockBeats News, May 11th, according to Coinglass data, if Ethereum falls below $2400, the cumulative long liquidation strength of mainstream CEXs will reach $1.12 billion.

Conversely, if Ethereum breaks above $2600, the cumulative short liquidation strength of mainstream CEXs will reach $818 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., strength.

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 the price, when reached, will generate a more intense reaction due to the liquidity shock.