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 $2,212, the cumulative liquidation intensity of short positions on these exchanges could reach $918 million. Conversely, if Ethereum falls below $2,007, the cumulative liquidation intensity of long positions could amount to $643 million.