If Ethereum falls below $3,200, the total liquidation intensity of long positions on major centralized exchanges will reach $920 million.

According to Mars Finance, Coinglass data indicates that if Ethereum falls below $3200, the cumulative liquidation intensity of long positions on major CEXs will reach 920 million. Conversely, if Ethereum breaks through $3400, the cumulative liquidation intensity of short positions on major CEXs will reach 985 million. Note: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart represent the importance of each liquidation cluster relative to its neighboring 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.