If Ethereum falls below $3,000, the total liquidation intensity of long positions on major centralized exchanges will reach $1.001 billion.
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TL;DR
If Ethereum drops below $3,000, long positions on major exchanges face $1.001 billion in potential liquidations. Conversely, a rise above $3,300 could trigger $638 million in short position liquidations, with higher liquidation bars indicating stronger price impacts.
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EthereumLayer 1Smart ContractsliquidationCEXprice levelscryptocurrency
According to Mars Finance, Coinglass data indicates that if Ethereum falls below $3,000, the cumulative liquidation intensity of long positions on major CEXs will reach $1.001 billion. Conversely, if Ethereum breaks through $3,300, the cumulative liquidation intensity of short positions on major CEXs will reach $638 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 to the liquidity surge after reaching that level.