If Ethereum falls below $2,900, the cumulative liquidation intensity of long positions on mainstream CEX will reach 630 million

2025-12-252025-12-23 by admin

BlockBeats News, December 23 – According to Coinglass data, if Ethereum falls below $2,900, the cumulative long liquidation intensity on major CEXs will reach $630 million.

Conversely, if Ethereum breaks above $3,100, the cumulative short liquidation intensity on major CEXs will reach $918 million.

BlockBeats Note: The liquidation chart does not display the exact number of contracts awaiting liquidation or the precise 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 adjacent clusters.

Therefore, the liquidation chart illustrates 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, a stronger reaction will occur 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 .