If Ethereum drops below $2900, the collective long liquidation pressure of major CEXs will reach $527 million

BlockBeats News, January 21st, according to Coinglass data, if Ethereum falls below $2900, the cumulative long liquidation strength of mainstream CEX will reach 527 million.

On the contrary, if Ethereum breaks through $3100, the cumulative short liquidation strength of mainstream CEX will reach 1.239 billion.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the precise 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, that is, the strength.

Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a more intense response due to a liquidity cascade when it reaches that point.