On February 20th, according to Coinglass data, if Ethereum breaks above $2,000, the total liquidation strength of long positions on major centralized exchanges (CEX) will reach 423 million. Conversely, if Ethereum falls below $1,900, the total liquidation strength of short positions on major CEXs will reach 582 million. BlockBeats 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 liquidation cluster compared to nearby clusters—that is, the intensity. Therefore, the chart shows how much the price of the underlying asset would be affected when reaching a certain level. Higher “liquidation bars” indicate that once the price reaches that level, it will trigger a stronger reaction due to liquidity waves.
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If Ethereum breaks above $2000, the total liquidation strength of mainstream CEX short positions will reach 423 million.
On February 20th, according to Coinglass data, if Ethereum breaks above $2,000, the total liquidation strength of long positions on major centralized exchanges (CEX) will reach 423 million. Conversely, if Ethereum falls below $1,900, the total liquidation strength of short positions on major CEXs will reach 582 million. BlockBeats 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 liquidation cluster compared to nearby clusters—that is, the intensity. Therefore, the chart shows how much the price of the underlying asset would be affected when reaching a certain level. Higher “liquidation bars” indicate that once the price reaches that level, it will trigger a stronger reaction due to liquidity waves.