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 surpasses $3,107, the cumulative liquidation intensity for short positions on mainstream centralized exchanges will reach $1.539 billion. Conversely, if Ethereum falls below $2,817, the cumulative liquidation intensity for long positions will amount to $683 million.