According to ChainCatcher, data from Coinglass shows that if ETH falls below $2,153, the cumulative liquidation intensity of long positions on major CEXs will reach $551 million. Conversely, if ETH breaks above $2,367, the cumulative liquidation intensity of short positions on major CEXs will reach $485 million.
ETH below $2,153 could trigger $551 million in long liquidations on major centralized exchanges.
ChaincatcherShare
Summary
On-chain trading signals indicate that ETH below $2,153 could trigger $551 million in long liquidations across major centralized exchanges, according to Coinglass data. Long-term investors should note that a drop to this level may shift market positioning. If ETH rises above $2,367, short liquidations could reach $485 million, highlighting elevated leverage on both sides.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.