If Ethereum breaks $3000, mainstream CEX total short liquidation volume will reach $762M

BlockBeats News, December 27th, according to Coinglass data, if Ethereum breaks through $3000, the cumulative short liquidation intensity of mainstream CEXs will reach $7.62 billion.

Conversely, if Ethereum falls below $2850, the cumulative long liquidation intensity of mainstream CEXs will reach $6.30 billion.

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 price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price, when reached, will experience a more intense reaction due to a liquidity surge.