If Ethereum breaks $3100, mainstream CEX aggregate short liquidation pressure will reach $629 million

BlockBeats News, January 2nd, according to Coinglass data, if Ethereum breaks through $3100, the cumulative short liquidation intensity of mainstream CEXs will reach 629 million.

Conversely, if Ethereum falls below $2900, the cumulative long liquidation intensity of mainstream CEXs will reach 972 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 neighboring liquidation clusters, i.e., intensity.

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