If Ethereum drops below $2900, the mainstream CEX long liquidation volume will reach $802 million

Dec 26: Per Coinglass data, Ethereum’s total long liquidation volume across major centralized exchanges (CEXs) will hit $802 million if the token drops below $2,900. Conversely, if Ethereum breaks above $3,000, total short liquidation volume across major CEXs will reach $228 million. BlockBeats Note: Liquidation charts do not display the exact number of contracts or precise value of contracts being liquidated. The bars on these charts actually reflect the relative importance of each liquidation cluster compared to adjacent clusters—this is referred to as "strength." As a result, the chart shows how impactful reaching a specific price level will be: A higher "liquidation bar" means a more intense reaction will occur once the price hits that level, driven by a liquidity cascade.