Ethereum Price Movements May Trigger $807 Million in Liquidations

Data from Coinglass, as reported by BlockBeats, suggests that if Ethereum’s price surges above $3,600, short positions on major centralized exchanges (CEX) could face cumulative liquidations worth up to $807 million. Conversely, if the asset’s price dips below $3,400, long positions on CEX may experience a staggering $564 million in liquidation. It’s important to note that this chart does not reveal exact contract liquidation counts or their precise value; it instead uses bars to showcase the relative significance of each liquidation cluster compared to nearby clusters, signifying its intensity. This data illustrates potential for significant liquidations at certain price points.