Data: If Ethereum breaks through $3,200, the cumulative short position liquidation intensity on major CEXs will reach 746 million.

According to Mars Finance, Coinglass data indicates that if Ethereum breaks through $3200, the cumulative short liquidation intensity on major CEXs will reach 746 million. Conversely, if Ethereum falls below $3050, the cumulative long liquidation intensity on major CEXs will reach 573 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 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.