If Ethereum breaks through $2,900, the cumulative short liquidation intensity on major CEXs will reach $531 millions.

BlockBeats News, November 23, according to Coinglass data, if Ethereum breaks through $2,900, the cumulative short liquidation intensity on major CEXs will reach 531 millions.

Conversely, if Ethereum falls below $2,700, the cumulative long liquidation intensity on major CEXs will reach 988 millions.

BlockBeats note: The liquidation chart does not display the exact number of contracts pending liquidation, nor the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance, or intensity, of each liquidation cluster compared to adjacent clusters.

Therefore, the liquidation chart shows to what extent the underlying price reaching a certain level will be affected. A higher "liquidation bar" indicates that after the price reaches that level, there will be a stronger reaction due to a wave of liquidity.