BlockBeats News: On January 6, according to Coinglass data, if Ethereum breaks through $3,300, the cumulative short liquidation strength on mainstream CEXs will reach $809 million.
Conversely, if Ethereum drops below $3,150, the cumulative long liquidation strength on mainstream CEXs will reach $1.053 billion.
BlockBeats Note: The liquidation chart does not display the exact number of contracts awaiting liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually show the relative importance of each liquidation cluster compared to adjacent liquidation clusters, which is the strength.
Therefore, the liquidation chart shows the degree to which the underlying price reaching certain levels will be affected. Higher “liquidation bars” indicate that when the price reaches that level, it will generate a stronger reaction due to liquidity waves.
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