If Ethereum drops below $3,000, the mainstream CEX long liquidation volume will reach $693 million

Jan. 20 — Per Coinglass data, if Ethereum dips below $3,000, the cumulative long liquidation value tied to the intensity cluster at this level across major centralized exchanges (CEXs) will reach $693 million. Conversely, if Ethereum breaks above $3,200, the cumulative short liquidation value linked to the corresponding intensity cluster at top CEXs will hit $1.02 billion. BlockBeats Note: Liquidation charts do not display the exact number or value of contracts being liquidated. The bars instead reflect the relative importance of each liquidation cluster compared to adjacent clusters — that is, "intensity." As a result, these charts show how strongly the underlying asset’s price will react when it hits a specific level. A taller "liquidation bar" signals a more intense price reaction driven by a liquidity cascade.