If Ethereum drops below $3200, the combined long liquidation amount on major CEXs will reach $920 million

BlockBeats News, January 17th, according to Coinglass data, if Ethereum falls below $3200, the cumulative long liquidation intensity of mainstream CEXs will reach $920 million.

On the other hand, if Ethereum breaks above $3400, the cumulative short liquidation intensity of mainstream CEXs will reach $985 million.

BlockBeats Note: The liquidation chart does not show the precise number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually indicate the importance of each liquidation cluster relative to adjacent clusters, i.e., intensity.

Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. Higher "liquidation bars" indicate that once the price reaches that level, a more intense reaction will occur due to a liquidity cascade.