BlockBeats News, February 15 — According to Coinglass data, if Ethereum falls below $2,000, the total liquidation strength of long positions on major centralized exchanges (CEX) will reach 769 million.
Conversely, if Ethereum breaks above $2,200, the total liquidation strength of short positions on major CEXs will reach 748 million.
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 chart represent the relative importance of each cluster of liquidations compared to nearby clusters—that is, the intensity.
Therefore, the liquidation chart shows how much impact the price reaching a certain level will have. Higher “liquidation bars” indicate that once the price hits that level, there will be a stronger reaction due to liquidity waves.
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