Ethereum Price Movements Could Trigger Significant Liquidations

According to BlockBeats, data from Coinglass indicates that if Ethereum's price rises above $3,600, the cumulative liquidation intensity of short positions on major centralized exchanges (CEX) could reach $807 million. Conversely, if Ethereum falls below $3,400, the cumulative liquidation intensity of long positions could amount to $564 million. BlockBeats notes that the liquidation chart does not display the exact number of contracts pending liquidation or their precise value. Instead, the chart's bars represent the relative importance of each liquidation cluster compared to nearby clusters, indicating intensity. Therefore, the chart illustrates the potential impact on liquidation intensity when the asset price reaches certain levels.