ChainCatcher news, according to Coinglass data, if Ethereum breaks above $3,000, the cumulative short position liquidation intensity on major CEXs will reach $762 million. Conversely, if Ethereum falls below $2,850, the cumulative long position liquidation intensity on major CEXs will reach $630 million.
Note: The liquidation chart does not show the exact number of contracts awaiting liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster compared to adjacent ones, i.e., intensity. Therefore, the liquidation chart illustrates the extent to which the underlying price reaching a certain level will be affected. A higher “liquidation bar” indicates a stronger reaction due to liquidity waves once the price reaches that level.
