If Ethereum breaks $3,000, mainstream CEX cumulative short liquidation pressure will reach $627 million

BlockBeats News, December 29, according to Coinglass data, if Ethereum breaks through $3000, the cumulative short liquidation intensity of mainstream CEXs will reach 627 million.

Conversely, if Ethereum falls below $2800, the cumulative long liquidation intensity of mainstream CEXs will reach 702 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 neighboring clusters, that is, 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 will experience a more intense reaction due to a liquidity surge when it reaches that level.