If Ethereum falls below 2400 USD, the cumulative long order liquidation intensity on mainstream CEX will reach 1.12 billion.

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On May 11, according to Coinglass data, if Ether falls below $2400, the cumulative long order liquidation intensity on mainstream CEXs will reach 1.12 billion. Conversely, if Ether breaks above $2600, the cumulative short order liquidation intensity on mainstream CEXs will reach 818 million. BlockBeats note: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows the extent to which the target price reaching a certain level will be affected. A higher "liquidation bar" indicates that after the price reaches that point, there will be a stronger reaction due to the liquidity wave.

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