If Ethereum falls below $3,300, the mainstream CEX long liquidation pressure will reach $595 million.

BlockBeats News, November 9th, according to Coinglass data, if Ethereum falls below $3300, the cumulative long liquidation intensity of mainstream CEXs will reach $595 million.

Conversely, if Ethereum surpasses $3500, the cumulative short liquidation intensity of mainstream CEXs will reach $980 million.

BlockBeats Note: The liquidation chart does not display the precise number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually indicate the relative importance of each liquidation cluster to adjacent liquidation clusters, i.e., 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. A higher "liquidation bar" indicates that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.