According to ChainCatcher, data from Coinglass shows that if ETH breaks above $1,751, the total liquidation strength of long positions on major CEXs will reach $865 million. Conversely, if ETH falls below $1,585, the total liquidation strength of short positions on major CEXs will reach $752 million.
ETH breaking above $1,751 could trigger $865 million in short liquidations.
ChaincatcherShare
Summary
According to Coinglass data cited by ChainCatcher, if ETH breaks above $1,751, it could trigger $865 million in short liquidations. Analysis suggests that a drop below $1,585 may lead to $752 million in long liquidations on major centralized exchanges. This price action underscores key resistance and support levels for ETH’s price movement.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.