If Ethereum breaks $3200, the mainstream CEX cumulative short liquidation volume will reach $746 million

BlockBeats News, December 8th, according to Coinglass data, if Ethereum breaks above $3200, the total liquidation strength of major CEX short positions will reach $746 million.

On the contrary, if Ethereum drops below $3050, the total liquidation strength of major CEX long positions will reach $573 million.

BlockBeats Note: The liquidation chart does not demonstrate the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring clusters, i.e., the strength.

Therefore, the liquidation chart shows to what extent the target price reaching a particular level will be affected. A higher "liquidation bar" indicates that when the price reaches that level, a more intense reaction will occur due to a liquidity cascade.