As reported by BlockBeats, on November 30th, according to Coinglass data, if Ethereum surpasses $3,800, the overall liquidation intensity of major CEXs for short orders will reach $521 million. On the flip side, if Ethereum drops below $3,600, the total long liquidation intensity for major CEXs will hit $652 million.
It’s essential to note that BlockBeats’ liquidation chart does not reveal the exact number or value of contracts involved in these liquidations. Instead, it illustrates the strength of each individual liquidation cluster in relation to its neighboring clusters. This allows us to gauge how much the underlying price may be influenced when it reaches a particular position.
A more substantial “liquidation bar” indicates a stronger reaction from prices to liquidity waves down the line. Source link
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<p>The post Crypto Liquidation Battle: Ethereum’s Impact on CEXs first appeared on CoinBuzzFeed.</p>
