If Ethereum breaks through $3,300, the cumulative short liquidation intensity on major CEXs will reach $794 millions.

BlockBeats News, January 5, according to Coinglass data, if Ethereum breaks through $3,300, the cumulative short liquidation intensity on major CEXs will reach 794 millions.

Conversely, if Ethereum falls below $3,000, the cumulative long liquidation intensity on major CEXs will reach 1.122 billions.

BlockBeats note: The liquidation chart does not show the exact number of contracts pending liquidation, nor the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance, or intensity, of each liquidation cluster compared to adjacent clusters.

Therefore, the liquidation chart shows what will be affected when the underlying price reaches a certain level.