As of Feb 1, per Coinglass data: – If Ethereum (ETH) drops below $2,300, cumulative long liquidation pressure across major centralized exchanges (CEX) will reach $737M. – Conversely, if ETH breaks above $2,500, cumulative short liquidation pressure across major CEX will hit $614M. BlockBeats Note: Liquidation charts do not display the exact number or value of contracts at risk of liquidation. Instead, the bars reflect the **relative importance** of each liquidation cluster compared to adjacent clusters (i.e., “intensity”). This means the chart shows how strongly asset prices will react when reaching a specific level: a taller “liquidation bar” signals a more intense price response due to a liquidity cascade.
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