Data: If ETH falls below $2,996, the total liquidation intensity of long positions on major CEXs will reach $979 million.

According to ChainCatcher, data from Coinglass shows that if ETH falls below $2,996, the cumulative liquidation intensity of long positions on major CEXs will reach $979 million. Conversely, if ETH breaks through $3,297, the cumulative liquidation intensity of short positions on major CEXs will reach $516 million.