ChainThink News, December 27: According to Coinglass data, if Ethereum breaks above $3,000, the cumulative short liquidation intensity on major CEXs will reach $762 million.

Conversely, if Ethereum falls below $2,850, the cumulative long liquidation intensity on major CEXs will reach $630 million.

ChainThink Note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of liquidated contracts. Instead, the bars represent the relative significance of each liquidation cluster compared to adjacent clusters—i.e., intensity.

Thus, the liquidation chart illustrates the degree of impact when the spot price reaches a certain level. Higher "liquidation bars" indicate that once prices hit those levels, stronger market reactions will be triggered due to liquidity waves.