According to ChainCatcher, data from Coinglass shows that if ETH falls below $3,185, the cumulative long position liquidation volume on major CEXs will reach $1.484 billion. Conversely, if ETH breaks above $3,516, the cumulative short position liquidation volume on major CEXs will reach $884 million.
Data: ETH Below $3,185 Could Trigger $1.484B Long Liquidations on Major CEXs
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Summary
New on-chain trading signals suggest that if ETH falls below $3,185, it could trigger $1.484 billion in long liquidations on major centralized exchanges (CEXs), according to Coinglass data. Conversely, a price rise above $3,516 may result in $884 million in short liquidations. Traders are advised to take into account both short-term volatility and long-term investment strategies amid the shifting risks of open positions.
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