Ethereum Price Movements Could Trigger Significant Liquidations

According to ChainCatcher, data from Coinglass indicates that if Ethereum surpasses $3,463, the cumulative liquidation intensity of short positions on major centralized exchanges will reach $1.023 billion. Conversely, if Ethereum falls below $3,165, the cumulative liquidation intensity of long positions on these exchanges will also reach $1.023 billion.