If Ethereum Breaks $2000, Mainstream CEX Cumulative Short Liquidation Pressure Will Reach $423M

BlockBeats News, February 20th, according to Coinglass data, if Ethereum breaks through $2000, the cumulative short liquidation intensity of mainstream CEXs will reach $423 million.

Conversely, if Ethereum falls below $1900, the cumulative long liquidation intensity of mainstream CEXs will reach $582 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, that is, intensity.

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 will experience a more intense reaction due to a liquidity cascade when it reaches that level.