Mars Finance reports that, according to Coinglass data, if Ethereum falls below $3,200, the cumulative long liquidation strength on major CEXs will reach 920 million. Conversely, if Ethereum breaks above $3,400, the cumulative short liquidation strength on major CEXs will reach 985 million. 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 cluster of liquidations compared to nearby clusters—that is, the intensity. Therefore, the chart shows how much impact the price reaching a certain level will have. Higher “liquidation columns” indicate that once the price reaches that level, it will trigger a stronger reaction due to liquidity waves.
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If Ethereum falls below $3200, the total long liquidation strength on mainstream CEXs will reach 920 million.
Mars Finance reports that, according to Coinglass data, if Ethereum falls below $3,200, the cumulative long liquidation strength on major CEXs will reach 920 million. Conversely, if Ethereum breaks above $3,400, the cumulative short liquidation strength on major CEXs will reach 985 million. 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 cluster of liquidations compared to nearby clusters—that is, the intensity. Therefore, the chart shows how much impact the price reaching a certain level will have. Higher “liquidation columns” indicate that once the price reaches that level, it will trigger a stronger reaction due to liquidity waves.