Ethereum Price Fluctuations Could Trigger Large Liquidations

A potential surge in Ethereum (ETH) prices could trigger significant liquidations from centralized exchanges, according to data analyzed by ChainCatcher. The analysis indicates that if ETH surpasses $2,889, the total amount of short positions liquidated on major CEX platforms would reach $1.078 billion. Conversely, if ETH falls below $2,616, long position liquidations will total around $899 million. These findings highlight the potential impact of price movements on the trading activity on these exchanges.