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If Ethereum breaks above $3550, the mainstream CEX cumulative short liquidation pressure will reach $892 million.
BlockBeats News, November 12th, according to Coinglass data, if Ethereum breaks through $3550, the cumulative short liquidation strength of mainstream CEXes will reach 892 million.
On the other hand, if Ethereum falls below $3350, the cumulative long liquidation strength of mainstream CEXes will reach 603 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., strength.
Therefore, the liquidation chart shows to what extent reaching a certain price level will affect the market. A higher "liquidation bar" indicates that the price reaching that level will have a stronger reaction due to a liquidity cascade.
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