According to ChainCatcher, data from Coinglass shows that if ETH breaks above $2,444, the total liquidation value of long positions on major CEXs will reach $985 million. Conversely, if ETH falls below $2,214, the total liquidation value of short positions on major CEXs will reach $968 million.
ETH breaking above $2,444 could trigger $985 million in short liquidations on major centralized exchanges.
ChaincatcherShare
Summary
On-chain data from Coinglass indicates that if the ETH price rises above $2,444, major centralized exchanges could face $985 million in short liquidations. A drop below $2,214 may trigger $968 million in long liquidations. The data underscores key resistance and support levels for ETH 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.