According to ChainCatcher, data from Coinglass shows that if ETH falls below $3,032, the cumulative long position liquidation volume on major CEXs will reach $1.527 billion. Conversely, if ETH breaks above $3,324, the cumulative short position liquidation volume on major CEXs will reach $753 million.
Data: ETH Below $3,032 Could Trigger $1.527 Billion in Long Liquidations on Major CEXs
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Summary
New on-chain trading signals indicate that if ETH falls below $3,032, it could trigger $1.527 billion in long liquidations on major centralized exchanges, according to Coinglass data. Conversely, a price rise above $3,324 may result in $753 million in short liquidations. Traders are advised to consider long-term investment strategies amid the shifting leverage positions.
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