According to ChainCatcher, data from Coinglass shows that if ETH falls below $2,855, the cumulative long position liquidation volume on major CEXs will reach $900 million. Conversely, if ETH breaks above $3,151, the cumulative short position liquidation volume on major CEXs will reach $669 million.
Data: ETH Below $2,855 Could Trigger $900M Long Liquidations on Major CEXs
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Summary
New on-chain trading signals suggest that if ETH falls below $2,855, it could trigger $900 million in long liquidations on major centralized exchanges (CEXs), according to Coinglass data. As this threshold nears, long-term investment strategies may need to be adjusted. Conversely, if ETH rises above $3,151, short liquidations could reach $669 million.
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