BlockBeats News: On January 10, according to Coinglass data, if Ethereum falls below $3,000, the cumulative liquidation intensity of long positions across mainstream CEXs will reach $882 million.
Conversely, if Ethereum breaks above $3,200, the cumulative liquidation intensity of short positions across mainstream CEXs will reach $935 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts awaiting liquidation or the precise value of liquidated contracts. The bars on the liquidation chart actually display the relative importance of each liquidation cluster compared to adjacent liquidation clusters, i.e., intensity.
Therefore, the liquidation chart demonstrates the degree to which the underlying asset price will be affected when it reaches a certain level. Higher "liquidation bars" indicate that when the price reaches that point, it will trigger a more intense reaction due to liquidity waves.