If Ethereum breaks above $3150, the mainstream CEX cumulative short liquidation pressure will reach $1.055 billion.

BlockBeats News, November 18th, according to Coinglass data, if Ethereum breaks through $3150, the cumulative short liquidation strength of mainstream CEXs will reach $1.055 billion.

On the other hand, if Ethereum falls below $2950, the cumulative long liquidation strength of mainstream CEXs will reach $797 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 price of the underlying asset will be affected when it reaches a certain position. A higher "liquidation bar" indicates that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.