If Ethereum breaks $2100, mainstream CEX total short liquidation volume will reach $896 million

BlockBeats News, February 16th, according to Coinglass data, if Ethereum breaks through $2100, the total short liquidation strength of mainstream CEX will reach $896 million.

Conversely, if Ethereum falls below $1900, the total long liquidation strength of mainstream CEX will reach $650 million.

BlockBeats Note: The liquidation chart does not display the precise number of contracts awaiting liquidation 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 liquidation clusters, i.e., the strength.

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