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 $1,977, the cumulative liquidation intensity of long positions on mainstream centralized exchanges could reach $700 million. Conversely, if Ethereum surpasses $2,184, the liquidation intensity of short positions could amount to $470 million.