BlockBeats News, June 11 – According to Coinglass data, if Ethereum surpasses $2900, the cumulative short liquidation intensity across major CEXs will reach $1.31 billion.
Conversely, if Ethereum drops below $2700, the cumulative long liquidation intensity across major CEXs will reach $1.28 billion.
BlockBeats Note: The liquidation chart does not represent the precise number of contracts waiting to be liquidated or the exact value of liquidated contracts. Instead, the bars on the liquidation chart indicate the relative importance or intensity of each liquidation cluster compared to nearby clusters.
Therefore, the chart illustrates the potential impact on the market when the asset price reaches certain levels. Taller "liquidation bars" suggest more intense reactions due to liquidity waves when those price levels are hit.
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