ChainCatcher reports that, according to Coinglass data, if Ethereum falls below $1,900, the total liquidation strength of long positions on major centralized exchanges (CEX) will reach 408 million. Conversely, if Ethereum breaks above $2,100, the total liquidation strength of short positions on major CEXs will reach 1.027 billion.
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 cluster of liquidations compared to nearby clusters—that is, the intensity. Therefore, the chart shows how much the price of the underlying asset would be affected if it reaches a certain level. Higher “liquidation bars” indicate that the price will trigger a stronger reaction due to liquidity waves once reached.
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