BlockBeats News, January 10th, according to Coinglass data, if Ethereum drops below $3000, the cumulative long liquidation strength on major CEXs will reach 8.82 billion.
Conversely, if Ethereum breaks above $3200, the cumulative short liquidation strength on major CEXs will reach 9.35 billion.
BlockBeats Note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to nearby clusters, i.e., the intensity.
Therefore, the liquidation chart shows the extent to which the price of the underlying asset will be affected when reaching a certain level. Higher “liquidation columns” indicate that once the price reaches that point, it will trigger a stronger reaction due to liquidity waves.
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