On December 16, data from Coinglass indicates: - If Ethereum (ETH) drops below $2,800, cumulative long liquidation intensity across major centralized exchanges (CEXs) will hit $849 million. - Conversely, if ETH breaks above $3,000, cumulative short liquidation intensity at these platforms will reach $659 million. **BlockBeats Note**: Liquidation charts do not show the exact number or value of contracts to be liquidated. Instead, the bars represent the relative importance of each liquidation cluster vs. neighboring clusters -- i.e., "intensity." Put simply, the charts illustrate how strongly asset prices will react when hitting a specific level: a taller "liquidation bar" means a stronger price response due to a liquidity cascade once that level is breached.