ETH Below $2,200 Flags $476M Long Liquidation Intensity; Above $2,400, $944M Short Risk

Ethereum falling below $2,200 could trigger cumulative long liquidation intensity of $476 million across major centralized exchanges, Coinglass data show as of Feb. 3. A move above $2,400 would align with cumulative short liquidation intensity of $944 million at major exchanges. The liquidation map does not display exact contract counts or precise position values; instead, its bars reflect the relative importance of each liquidation cluster presented as intensity, indicating how much the market might be affected when the price reaches a specified level. Higher liquidation bars signal a stronger reaction stemming from liquidity waves, BlockBeats reports.