If Ethereum drops below $2200, the mainstream CEX long liquidation pressure will reach $476 million

BlockBeats News, February 3rd, according to Coinglass data, if Ethereum falls below $2200, the cumulative long liquidation strength of mainstream CEXs will reach $476 million.

Conversely, if Ethereum breaks through $2400, the cumulative short liquidation strength of mainstream CEXs will reach $944 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., strength.

Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. A higher "liquidation bar" indicates that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.