If Ethereum breaks through $3,000, the cumulative short position liquidation intensity on mainstream CEXs will reach $762 million

2025-12-27 by admin

BlockBeats News, December 27, according to Coinglass data, if Ethereum breaks through $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.

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

Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain level will be affected. A higher “liquidation bar” indicates that once the price reaches that level, there will be a stronger reaction due to liquidity waves.

PANews reported on December 31 that Tom Lee, co-founder of Fundstrat and chairman of BitMine, wrote on the X platform: "Typically, during these last holiday trading sessions, many institutional investors exit the market, and algorithmic trading programs and bot trading programs begin to dominate the market, along with sell-offs for tax avoidance. These constitute the market dynamics in the last few days of December." Previously, in BitMine's announcement of acquiring 44,463 ETH last week, Tom Lee mentioned that market activity tends to slow down as the year enters its final weeks of holiday season. Year-end tax-avoidance selling depresses cryptocurrency and cryptocurrency-related stock prices, with this effect typically most pronounced between December 26th and December 30th; therefore, they are adjusting their market strategy accordingly. Earlier today, it was reported that Bitmine pledged another 118,944 ETH and increased its holdings by 32,938 ETH .