As reported by BlockBeats, on November 30th, Coinglass data reveals that if Ethereum surpasses $3,800, the cumulative short order liquidation intensity of leading centralized exchanges (CEX) will amount to 521 million. Conversely, if Ethereum dips below $3,600, the accumulated long liquidation intensity of major CEXs will hit 652 million.
It’s important to note that BlockBeats clarifies that the liquidation chart does not display the exact number or value of contracts set for liquidation. Instead, it illustrates the relative strength of each liquidation cluster compared to its neighbors. As a result, the chart showcases how deeply underlying prices will be impacted when they reach a specific point.
A more prominent “liquidation bar” indicates a stronger reaction from prices to liquidity waves in the future.
Source
<p>The post Breaking $3,800: Ethereum’s Potential Liquidation Explosion first appeared on CoinBuzzFeed.</p>
