Ethereum Price Surges: Potential for $1.3 Billion Liquidations

Recent data from BlockBeats reveals significant potential for market volatility based on Ethereum’s price movements. If the price reaches or surpasses the $4,500 mark, short positions will face a cumulative liquidation worth approximately $1.3 billion across major centralized exchanges (CEX). Conversely, a fall below $4,300 could trigger long position liquidations totaling around $360 million on these platforms. However, it’s important to note that the chart does not provide precise contract numbers or individual liquidation values. Instead, it offers a relative view of intensity by using bars to show the most significant clusters. This indicates a potential for significant market shifts as Ethereum approaches price thresholds.