If Ethereum drops below $1900, the cumulative long liquidation on major CEXs will reach $408 million

BlockBeats News, February 11, according to Coinglass data, if Ethereum falls below $1900, the cumulative long liquidation intensity of mainstream CEXs will reach 408 million.

Conversely, if Ethereum breaks above $2100, the cumulative short liquidation intensity of mainstream CEXs will reach 1.027 billion.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to the neighboring liquidation clusters, i.e., intensity.

Therefore, the liquidation chart shows 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 have a more intense reaction due to a liquidity cascade when it reaches that point.