If Ethereum breaks above $3100, the total short liquidation pressure on major CEXs will reach $565 million.

BlockBeats News, December 7th, according to Coinglass data, if Ethereum breaks through $3100, the cumulative short liquidation intensity on mainstream CEXs will reach $565 million.

On the other hand, if Ethereum falls below $3000, the cumulative long liquidation intensity on mainstream CEXs will reach $471 million.

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 neighboring clusters, i.e., intensity.

Therefore, the liquidation chart shows to what extent the price of the asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price reaching that level will trigger a stronger reaction due to a liquidity cascade.