If Ethereum drops below $2,800, the mainstream CEX's long liquidation pressure will reach $1.022 billion

BlockBeats News, December 17th, according to Coinglass data, if Ethereum falls below $2,800, the total long liquidation intensity on mainstream CEXs will reach $1.022 billion.

Conversely, if Ethereum surpasses $3,000, the total short liquidation intensity on mainstream CEXs will reach $843 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually indicate the importance of each liquidation cluster relative to neighboring clusters, that is, intensity.

Therefore, the liquidation chart shows to what extent the price of an asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price, when reached, will experience a more intense response due to a liquidity cascade.