According to ChainCatcher, data from Coinglass shows that if ETH breaks above $2,534, the total liquidation value of long positions on major CEXs will reach $917 million. Conversely, if ETH falls below $2,295, the total liquidation value of short positions on major CEXs will reach $590 million.
ETH breakout above $2,534 could trigger $917M in short liquidations.
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Summary
According to Coinglass data, if ETH price breaks above $2,534, it could trigger $917 million in short liquidations. ETH analysis indicates that major centralized exchanges have significant exposure in this range. On the downside, a drop below $2,295 could lead to $590 million in long liquidations.
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