Ethereum Price Action Could Trigger Significant Liquidations

New data from BlockBeats sheds light on the potential impact of Ethereum’s price movements on market liquidity. According to their analysis, if Ethereum breaks above $4,600, short positions held by traders will see a cumulative liquidation value of approximately $1.088 billion. Conversely, if the price dips below $4,400, long positions will face a cumulative liquidation value of nearly $1.422 billion on major centralized exchanges (CEXs). This suggests that significant liquidity may be affected by price thresholds.