BlockBeats News, December 3rd, according to Coinglass data, if Ethereum breaks through $3150, the cumulative short liquidation intensity of mainstream CEXs will reach 542 million.
Conversely, if Ethereum falls below $2950, the cumulative long liquidation intensity of mainstream CEXs will reach 946 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to adjacent liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the target price reaching a certain point will be affected. A higher “liquidation bar” indicates that the price reaching that point will generate a more intense reaction due to a liquidity cascade.
