If Ethereum drops below $2,800, the mainstream CEX overall long liquidation volume will reach $1.022 billion.

BlockBeats News, December 17th, according to Coinglass data, if Ethereum falls below $2,800, the cumulative long liquidation intensity of mainstream CEXs will reach $1.022 billion.

Conversely, if Ethereum breaks above $3,000, the cumulative short liquidation intensity of mainstream CEXs will reach $843 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 represent the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., intensity.

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