Ethereum Price Movements Could Trigger Significant Liquidations

Ethereum's price fluctuations could lead to substantial liquidations on major centralized exchanges. According to ChainCatcher, Coinglass data indicates that if Ethereum surpasses $2,119, the cumulative liquidation intensity of short positions on these exchanges could reach $1.062 billion. Conversely, if Ethereum falls below $1,932, the cumulative liquidation intensity of long positions could amount to $695 million.