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If Ethereum drops below $2300, the mainstream CEX long liquidation amount will reach $737 million
BlockBeats News, February 1st, according to Coinglass data, if Ethereum falls below $2300, the cumulative long liquidation intensity of mainstream CEX will reach 737 million.
Conversely, if Ethereum breaks through $2500, the cumulative short liquidation intensity of mainstream CEX will reach 614 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually reflect the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, the intensity.
Therefore, the liquidation chart shows to what extent the asset price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a more intense reaction due to a liquidity cascade when it reaches that point.
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