Ethereum's price dynamics are poised to impact the cryptocurrency market significantly, with potential liquidations reaching substantial figures. According to Coinglass data, if Ethereum surpasses the $2,100 mark, the cumulative liquidation of long positions on major centralized exchanges (CEXs) could amount to $652 million. Conversely, a drop below $1,900 would result in $506 million in long liquidation pressure.
The liquidation chart, while not displaying exact contract numbers or values, indicates the relative intensity of liquidation clusters. Higher bars on the chart suggest that price movements to these levels could trigger significant market reactions due to increased liquidity demands.
Ethereum Price Movements Could Trigger $652M in Liquidations
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