If Ethereum falls below $3,000, the total liquidation intensity of long positions on major centralized exchanges will reach $902 million.
AI Summary1 min read
TL;DR
If Ethereum drops below $3,000, long positions on major exchanges face $902 million in liquidations, while a rise above $3,200 could trigger $1.125 billion in short liquidations. The chart shows relative liquidation strength, not exact values, indicating potential price volatility at these levels.
Tags
EthereumSmart ContractsLayer 1liquidationCEXprice volatilitycryptocurrency
According to Mars Finance, Coinglass data indicates that if Ethereum falls below $3,000, the cumulative long position liquidation intensity on major CEXs will reach 902 million. Conversely, if Ethereum breaks through $3,200, the cumulative short position liquidation intensity on major CEXs will reach 1.125 billion. 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.