If Ethereum drops below $3,000, the mainstream CEX long liquidation amount will reach $1.01 billion.

BlockBeats News, January 12th, according to Coinglass data, if Ethereum falls below $3000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.001 billion.

Conversely, if Ethereum surpasses $3300, the cumulative short liquidation intensity of mainstream CEXs will reach $638 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 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 reaching that level will trigger a more intense reaction due to a liquidity cascade.