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Data: ETH Below $2,840 Could Trigger $1.614B Long Liquidations on Major CEXs

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ETH
$3,040.712.19%
New on-chain trading signals suggest ETH below $2,840 could trigger $1.614B in long liquidations on major CEXs, per Coinglass data. A drop to that level would test long-term investing strategies as leveraged positions face risk. On the flip side, ETH above $3,135 may lead to $992M in short liquidations.
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