Data: If ETH falls below $2,971, the total liquidation intensity of long positions on major CEXs will reach $670 million.

According to ChainCatcher, data from Coinglass shows that if ETH falls below $2,971, the cumulative liquidation intensity of long positions on major CEXs will reach $670 million. Conversely, if ETH breaks through $3,270, the cumulative liquidation intensity of short positions on major CEXs will reach $424 million.