**Crypto Quick Update** As of January 16, Coinglass data indicates: – If Ethereum dips below $3200, cumulative long liquidation intensity across major centralized exchanges (CEXs) will hit $802 million. – Conversely, if Ethereum climbs above $3400, cumulative short liquidation intensity across these major CEXs will reach $1.011 billion. **BlockBeats Note** Liquidation charts do not show the exact number or value of contracts being liquidated. The bars on these charts instead reflect the relative importance of each liquidation cluster compared to adjacent clusters — i.e., “intensity.” A taller liquidation bar means hitting that price level will trigger a more intense reaction due to a liquidity cascade.
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