If Ethereum falls below $2,900, the total liquidation intensity of long positions on major centralized exchanges will reach 630 million.
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TL;DR
If Ethereum drops below $2,900, long positions on major exchanges could face $630 million in liquidations. Conversely, a rise above $3,100 might trigger $918 million in short liquidations, with higher liquidation bars indicating stronger price impacts.
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EthereumLayer 1Smart ContractsliquidationcryptocurrencyCEXprice levels
According to Mars Finance, Coinglass data indicates that if Ethereum falls below $2,900, the cumulative liquidation intensity of long positions on major centralized exchanges (CEXs) will reach 630 million. Conversely, if Ethereum breaks through $3,100, the cumulative liquidation intensity of short positions on major CEXs will reach 918 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.