If Ethereum breaks above $3100, the mainstream CEX cumulative short liquidation pressure will reach $728 million

BlockBeats News, January 24th, according to Coinglass data, if Ethereum breaks through $3100, the cumulative short liquidation intensity of mainstream CEX will reach $728 million.

Conversely, if Ethereum falls below $2800, the cumulative long liquidation intensity of mainstream CEX will reach $704 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 represent the importance of each liquidation cluster relative to neighboring clusters, that is, the intensity.

Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will experience a more intense reaction due to a liquidity cascade once it reaches that level.