ETH Below $3,200 Could Trigger $802M Long Liquidations on Major CEXs

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Data from Coinglass shows that if the price of ETH drops below $3,200, major centralized exchanges (CEXs) could face $802 million in long liquidations. A price rise above $3,400 may trigger $1.011 billion in short liquidations. The report notes that liquidation charts highlight the significance of clustered price levels, rather than exact values, indicating potential market impacts at key ETH price points.

BlockBeats news: On January 16, according to Coinglass data, if Ethereum falls below $3,200, the cumulative long position liquidation volume on major CEXs will reach $802 million.


Conversely, if Ethereum breaks above $3,400, the cumulative short-position liquidation intensity on major CEXs will reach 101.1 million.


BlockBeats Note: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of contracts that have been liquidated. The bars on the liquidation chart actually represent the relative importance, or intensity, of each liquidation cluster compared to neighboring clusters.


Therefore, the liquidation chart shows to what extent the price of an asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that once the price reaches that level, it will trigger a stronger reaction due to a wave of liquidity.

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