If Ethereum Breaks Through $3,100, the Cumulative Short Liquidation Intensity on Major CEXs Will Reach $629 Million

Odaily News According to Coinglass data, if Ethereum breaks through $3,100, the cumulative short liquidation intensity on major CEXs will reach $629 million. Conversely, if Ethereum falls below $2,900, the cumulative long liquidation intensity on major CEXs will reach $972 million.

Note: The liquidation chart does not display the precise number of contracts pending liquidation or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the relative importance, or intensity, of each liquidation cluster compared to its neighboring clusters.

Therefore, the liquidation chart illustrates the degree to which the underlying asset price will be affected upon reaching a certain level. A higher "liquidation bar" indicates that once the price reaches that point, a more intense reaction will be triggered due to liquidity waves.