If Ethereum breaks above $3550, the mainstream CEX cumulative short liquidation pressure will reach $892 million.

On November 12th, according to Coinglass data, if Ethereum manages to break through $3550, the cumulative short liquidation strength of mainstream CEXes will amount to 892 million. Conversely, if Ethereum drops below $3350, the cumulative long liquidation strength of mainstream CEXes will reach 603 million. BlockBeats Notes: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, strength. Consequently, the liquidation chart demonstrates to what extent reaching a particular price level will impact the market. A higher "liquidation bar" indicates that when the price reaches that level, there will be a stronger reaction due to a liquidity cascade.