According to a BlockBeats report on June 16, citing Coinglass data, if Ethereum surpasses $2,700, the cumulative liquidation intensity of short positions on major CEXs will reach $436 million.
Conversely, if Ethereum drops below $2,500, the cumulative liquidation intensity of short positions on major CEXs will reach $1.155 billion.
BlockBeats Note: The liquidation chart does not represent the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart essentially illustrate the relative importance of each liquidation cluster compared to nearby clusters, referred to as intensity.
Therefore, the liquidation chart reflects the extent to which the target price reaching a certain level could be impacted. Taller "liquidation bars" suggest that once the price reaches this level, it will trigger a much stronger reaction due to the liquidity wave.
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