BlockBeats News, February 20 — According to Coinglass data, if Ethereum breaks above $2,000, the total liquidation strength of long positions on major centralized exchanges (CEX) will reach 423 million.
Conversely, if Ethereum falls below $1,900, the total liquidation strength of short positions on major CEXs will reach 582 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart represent the relative importance of each cluster of liquidations compared to nearby clusters, i.e., the intensity.
Therefore, the liquidation chart shows the extent to which the price of the underlying asset will be affected when it reaches a certain level. Higher “liquidation bars” indicate that once the price reaches that point, it will trigger a stronger reaction due to liquidity waves.
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