If Ethereum breaks through 3400 USD, the cumulative short liquidation intensity on mainstream CEX will reach 515 million

According to Coinglass data, if Ethereum breaks through $3400, the cumulative short liquidation intensity on major CEXs will reach $515 million. Conversely, if Ethereum falls below $3200, the cumulative long liquidation intensity on major CEXs will reach $1.195 billion.

Note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.