Ethereum Price Movements Could Trigger Significant Liquidations

Ethereum's price fluctuations could lead to substantial liquidation events on major centralized exchanges. According to ChainCatcher, data from Coinglass indicates that if Ethereum's price falls below $2,210, the cumulative liquidation intensity for long positions on mainstream centralized exchanges will reach $1.389 billion. Conversely, if Ethereum's price surpasses $2,441, the cumulative liquidation intensity for short positions will amount to $1.061 billion.