If Ethereum drops below $2850, the aggregate long liquidation amount on major CEXs will reach $771 million.

BlockBeats News, January 23rd, according to Coinglass data, if Ethereum falls below $2850, the total long liquidation strength of mainstream CEXs will reach $771 million.

Conversely, if Ethereum surpasses $3050, the total short liquidation strength of mainstream CEXs will reach $1.083 billion.

BlockBeats Note: The liquidation chart does not display the exact number of contracts waiting to be liquidated or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent clusters, that is, the strength.

Therefore, the liquidation chart illustrates 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 will face a more intense reaction due to a liquidity cascade.