ChainCatcher News, according to Coinglass data, if Ethereum drops below $3000, the cumulative long liquidation strength on major CEXs will reach 10.01 billion. Conversely, if Ethereum breaks above $3300, the cumulative short liquidation strength on major CEXs will reach 6.38 billion.
Note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart represent the relative importance of each liquidation cluster compared to nearby clusters, i.e., the intensity. Therefore, the chart shows how much impact the price reaching a certain level might have. Higher “liquidation bars” indicate that once the price reaches that level, there will be a stronger reaction due to liquidity waves.
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