If Ethereum breaks through $3,100, the cumulative short liquidation intensity on major centralized exchanges will reach $565 million.
AI Summary1 min read
TL;DR
If Ethereum surpasses $3,100, short liquidations on major exchanges could hit $565 million, while a drop below $3,000 might trigger $471 million in long liquidations. The chart indicates potential price volatility based on liquidation intensity, not exact contract values.
Tags
Smart ContractsLayer 1EthereumliquidationCEXprice volatilitycryptocurrency
According to Mars Finance, Coinglass data indicates that if Ethereum breaks through $3,100, the cumulative short liquidation intensity on major CEXs will reach 565 million. Conversely, if Ethereum falls below $3,000, the cumulative long liquidation intensity on major CEXs will reach 471 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.