If Ethereum breaks through $2900, the mainstream CEX cumulative short liquidation pressure will reach $655 million

On July 10th, according to Coinglass data, in the event that Ethereum surpasses $2900, the cumulative intensity of short liquidation on mainstream CEXs will amount to 655 million. On the other hand, if Ethereum drops below $2700, the cumulative intensity of long liquidation on mainstream CEXs will reach 1.452 billion. BlockBeats Notes: The liquidation chart does not disclose the exact number of contracts awaiting liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to neighboring liquidation clusters, that is, intensity. Consequently, the liquidation chart indicates the extent to which the target price reaching a certain position will be impacted. A higher "liquidation bar" suggests that when the price reaches that level, it will experience a more intense reaction due to a surge in liquidity.