If Ethereum drops below $2900, the mainstream CEX long liquidation pressure will reach $784 million.

BlockBeats News, January 1st, according to Coinglass data, if Ethereum falls below $2900, the cumulative long liquidation strength of mainstream CEXs will reach $784 million.

Conversely, if Ethereum breaks above $3100, the cumulative short liquidation strength of mainstream CEXs will reach $923 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 show the importance of each liquidation cluster relative to adjacent clusters, i.e., strength.

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 will have a more intense reaction due to a liquidity cascade.