According to ChainCatcher, data from Coinglass shows that if ETH falls below $2,982, the cumulative long position liquidation volume on major CEXs will reach $1.261 billion. Conversely, if ETH breaks above $3,269, the cumulative short position liquidation volume on major CEXs will reach $919 million.
Data: ETH Below $2,982 Could Trigger $1.261B Long Liquidations on Major CEXs
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Summary
New on-chain trading signals suggest that if ETH falls below $2,982, it could trigger $1.261 billion in long liquidations on major CEXs, according to Coinglass data. Long-term investment strategies may need adjustment as this threshold approaches. Conversely, if ETH rises above $3,269, short liquidations could reach $919 million.
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