If Ethereum breaks $2900, the mainstream CEX cumulative short liquidation strength will reach $531 million

On November 23rd, based on Coinglass data, if Ethereum surpasses $2900, the cumulative short liquidation intensity on mainstream CEX will amount to $531 million. Conversely, if Ethereum drops below $2700, the cumulative long liquidation intensity on mainstream CEX will reach $988 million. BlockBeats Note: 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 relative significance of each liquidation cluster in relation to adjacent clusters, that is, intensity. Therefore, the liquidation chart shows to what degree the target price will be influenced when it reaches a specific level. A higher "liquidation bar" indicates that the price will experience a more intense reaction due to a liquidity avalanche.