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If Ethereum Breaks $3300, Mainstream CEX Cumulative Short Liquidation Pressure Will Reach $809M
BlockBeats News, January 6th, according to Coinglass data, if Ethereum breaks through $3300, the total short liquidation strength of mainstream CEX will reach $809 million.
Conversely, if Ethereum falls below $3150, the total long liquidation strength of mainstream CEX will reach $1.053 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., strength.
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 will have a stronger reaction due to a liquidity cascade when it reaches that level.
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