According to ChainCatcher, data from Coinglass shows that if ETH falls below $1,804, the total liquidation value of long positions on major CEXs will reach $856 million. Conversely, if ETH breaks above $1,993, the total liquidation value of short positions on major CEXs will reach $514 million.
ETH below $1,804 could trigger $856 million in long liquidations on major centralized exchanges.
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Summary
New data shows that ETH falling below $1,804 could trigger $856 million in long liquidations across major centralized exchanges. A drop to that level would result in significant losses for traders employing a long-term crypto strategy. Conversely, ETH rising above $1,993 could lead to $514 million in short liquidations. Market participants are closely monitoring key support and resistance levels as volatility remains elevated. Long-term crypto investing continues to carry risks from sharp price fluctuations.
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