Ethereum Price Movements Could Trigger Significant Liquidations

Ethereum's price fluctuations could lead to substantial liquidations on major centralized exchanges. According to ChainCatcher, data from Coinglass indicates that if Ethereum surpasses $2,863, the cumulative liquidation intensity of short positions on these exchanges could reach $1.399 billion. Conversely, if Ethereum falls below $2,593, the cumulative liquidation intensity of long positions could amount to $625 million.