Ethereum Price Movements Could Trigger Significant Liquidations

According to ChainCatcher, data from Coinglass indicates that if Ethereum (ETH) surpasses $2,937, the cumulative liquidation of short positions on major centralized exchanges (CEX) could reach $837 million. Conversely, if ETH falls below $2,659, the cumulative liquidation of long positions on these exchanges could amount to $725 million.