If Ethereum breaks above $3200, the total open interest liquidation on major CEXs will reach $764 million.

BlockBeats News, December 5th, according to Coinglass data, if Ethereum breaks above $3200, the cumulative short liquidation intensity on mainstream CEXs will reach $764 million.

Conversely, if Ethereum drops below $3000, the cumulative long liquidation intensity on mainstream CEXs will reach $973 million.

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

Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. Higher "liquidation bars" indicate that the price reaching that level will generate a more intense reaction due to a liquidity cascade.