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If Ethereum drops below $2900, mainstream CEX long liquidation pressure will reach $874 million
BlockBeats News, January 22nd, according to Coinglass data, if Ethereum falls below $2900, the cumulative long liquidation strength of mainstream CEXs will reach $874 million.
Conversely, if Ethereum breaks through $3100, the cumulative short liquidation strength of mainstream CEXs will reach $646 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, the strength.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a more pronounced reaction due to a liquidity cascade when it reaches that point.
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