If Ethereum falls below $2,900, the total liquidation intensity of long positions on major centralized exchanges will reach $850 million.
TL;DR
If Ethereum drops below $2,900, long positions on major exchanges face $850 million in liquidations, potentially causing significant price volatility. Conversely, a rise above $3,050 could trigger $951 million in short liquidations, with liquidation charts indicating price impact intensity rather than exact contract values.
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[If Ethereum falls below $2,900, the cumulative liquidation intensity of long positions on major CEXs will reach 850 million] According to Mars Finance, Coinglass data indicates that if Ethereum falls below $2,900, the cumulative liquidation intensity of long positions on major CEXs will reach 850 million. Conversely, if Ethereum breaks through $3,050, the cumulative liquidation intensity of short positions on major CEXs will reach 951 million. Note: The liquidation chart does not show the exact number of contracts to be liquidated, or the exact value of the contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to its neighboring liquidation clusters, i.e., its strength. Therefore, the liquidation chart shows the extent to which the price of an asset will be affected when it reaches a certain level. Higher "liquidation bars" indicate that the price will react more strongly due to the liquidity surge after reaching that level.