If Ethereum breaks $3100, mainstream CEX aggregate short liquidation pressure will reach $1.33 billion

BlockBeats News, January 29th, according to Coinglass data, if Ethereum breaks through $3100, the mainstream CEX's total short liquidation intensity will reach $1.333 billion.

Conversely, if Ethereum falls below $2800, the mainstream CEX's total long liquidation intensity will reach $576 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 neighboring liquidation clusters, i.e., intensity.

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, when reached, will experience a more intense reaction due to a liquidity cascade.