If Ethereum drops below $2900, the mainstream CEX long liquidation pressure will reach $784 million.

On January 1, Coinglass data shows that if Ethereum (ETH) drops below $2,900, cumulative long liquidation strength across major centralized exchanges (CEXs) will hit $784 million. Conversely, a break above $3,100 would trigger cumulative short liquidation strength of $923 million across these major CEXs. BlockBeats Note: Liquidation charts do not display the exact number or value of contracts at risk of liquidation. Instead, the bars represent how each liquidation cluster ranks in importance relative to its neighboring clusters—i.e., "strength." In short, these charts illustrate how significantly the underlying asset’s price will react when it hits a specific level. A taller liquidation bar signals a more intense price response driven by a liquidity cascade.