ETH Breaks $2,100; Mainstream CEX Short Liquidation Intensity Reaches $896M

iconKuCoinFlash
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
AI summary iconSummary

expand icon
On February 16, the ETH price surged above $2,100, triggering $896 million in short liquidations across major centralized exchanges, according to Coinglass data. If the ETH price falls below $1,900, long liquidations could reach $650 million. Blockbeats notes that the liquidation chart reflects cluster intensity rather than exact values, highlighting potential market reactions at key ETH price levels.

BlockBeats news, on February 16, according to Coinglass data, if Ethereum breaks above $2,100, the cumulative liquidation strength of long positions on major CEXs will reach $896 million.


Conversely, if Ethereum falls below $1,900, the cumulative long liquidation pressure on major CEXs will reach $650 million.


BlockBeats 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 represent the relative importance, or intensity, of each liquidation cluster compared to neighboring clusters.


Therefore, the liquidation chart shows how significantly the price will be affected when it reaches a certain level. Higher "liquidation bars" indicate that the price will trigger a stronger reaction due to a wave of liquidity once it reaches that level.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.