If Ethereum breaks above $3550, the cumulative short liquidation pressure on major CEXs will reach $892 million.

BlockBeats News, November 12th, according to Coinglass data, if Ethereum breaks through $3550, the cumulative short liquidation intensity of mainstream CEX will reach $892 million.

Conversely, if Ethereum falls below $3350, the cumulative long liquidation intensity of mainstream CEX will reach $603 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring clusters, i.e., intensity.

Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a more intense reaction due to a liquidity cascade once it reaches that level.