If Ethereum drops below $3,000, the mainstream CEX long liquidation pressure will reach $902 million

BlockBeats News, January 9th, according to Coinglass data, if Ethereum falls below $3000, the cumulative long liquidation intensity of mainstream CEXs will reach $902 million.

Conversely, if Ethereum breaks above $3200, the cumulative short liquidation intensity of mainstream CEXs will reach $1.125 billion.

BlockBeats Note: The liquidation chart does not display the exact number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent 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 impact the market. Higher "liquidation bars" indicate that once the price reaches that level, it will experience a more pronounced reaction due to a liquidity cascade.