If Ethereum breaks through $2,900, the cumulative short liquidation intensity on major centralized exchanges will reach $531 million.
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TL;DR
If Ethereum surpasses $2,900, short liquidations on major CEXs could hit $531 million, while a drop below $2,700 may trigger $988 million in long liquidations. The chart shows liquidation intensity, not exact values, indicating potential price impacts.
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According to Mars Finance, Coinglass data indicates that if Ethereum breaks through $2,900, the cumulative short liquidation intensity on major CEXs will reach 531 million. Conversely, if Ethereum falls below $2,700, the cumulative long liquidation intensity on major CEXs will reach 988 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 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.