On February 5, data from Coinglass shows that if Ethereum (ETH) falls below $2,000, the cumulative long liquidation intensity across major centralized exchanges (CEXs) will reach $754 million. Conversely, should ETH break above $2,200, the cumulative short liquidation intensity for these mainstream CEXs will hit $710 million. Note from BlockBeats: Liquidation charts do not display the exact number or value of contracts up for liquidation. Instead, the bars on these charts reflect the relative importance of each liquidation cluster compared to nearby clusters — i.e., “intensity.” Put simply, the chart shows how strongly the underlying asset’s price will react when it hits a specific level. A taller “liquidation bar” means the price will see a more intense response due to a liquidity cascade at that price point.
