According to ChainCatcher, data from Coinglass shows that if ETH falls below $1,999, the total liquidation value of long positions on major CEXs will reach $1.157 billion. Conversely, if ETH breaks above $2,207, the total liquidation value of short positions on major CEXs will reach $982 million.
ETH below $1,999 could trigger $1.157B in long liquidations on major centralized exchanges.
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Summary
New on-chain trading signals indicate that ETH below $1,999 could trigger $1.157 billion in long liquidations across major centralized exchanges, according to Coinglass. Long-term investment strategies may need adjustment as ETH approaches key support. If ETH rises above $2,207, short liquidations could reach $982 million.
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