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If Ethereum breaks through $3100, the total liquidation strength of mainstream CEXs' short positions will reach 728 million.
On January 24, according to Coinglass data, if Ethereum breaks through $3100, the cumulative short liquidation strength on mainstream CEXs will reach 728 million. Conversely, if Ethereum falls below $2800, the cumulative long liquidation strength on mainstream CEXs will reach 704 million. BlockBeats Note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart represent the relative importance of each liquidation cluster compared to nearby clusters, i.e., the intensity. Therefore, the chart shows how much impact the price reaching a certain level will have. Higher “liquidation columns” indicate that once the price reaches that level, it will trigger a stronger reaction due to liquidity waves.