Ethereum Price Movements Could Trigger Significant Liquidations

Ethereum's price fluctuations may lead to substantial liquidations on major centralized exchanges. According to ChainCatcher, data from Coinglass indicates that if Ethereum surpasses $2,473, the cumulative liquidation intensity of short positions on mainstream centralized exchanges could reach $1.222 billion. Conversely, if Ethereum falls below $2,244, the cumulative liquidation intensity of long positions could amount to $712 million.