BlockBeats News, November 22nd, according to Coinglass data, if Ethereum falls below $2600, the cumulative long liquidation intensity of mainstream CEXs will reach $993 million.
On the contrary, if Ethereum breaks above $2900, the cumulative short liquidation intensity of mainstream CEXs will reach $1.07 billion.
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 show the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain level. A higher “liquidation bar” indicates that the price, when reached, will have a more intense reaction due to a liquidity surge.
