Ethereum Price Movements Could Trigger Significant Liquidations

According to ChainCatcher, data from Coinglass indicates that if Ethereum's price falls below $3,060, the cumulative liquidation intensity of long positions on major centralized exchanges could reach $1.661 billion. Conversely, if Ethereum surpasses $3,379, the cumulative liquidation intensity of short positions on these exchanges could amount to $733 million.