As reported by Chainthink, on December 27, Coinglass data shows that if Ethereum (ETH) breaks above $3,000, major centralized exchanges (CEXs) could see cumulative short liquidation intensity of $762 million. Conversely, if ETH drops below $2,850, cumulative long liquidation intensity could reach $630 million. Chainthink notes that the liquidation chart does not show exact contract numbers or values, but rather the relative importance of each liquidation cluster, indicating the potential market impact at specific price levels.
Ethereum Price Movement Could Trigger $762M Short Liquidations on Major CEXs
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Summary
Ethereum price today stands near critical levels, with Coinglass data showing potential $762M in short liquidations if ETH breaks above $3,000. A drop below $2,850 could trigger $630M in long liquidations on major CEXs. Price movement at these thresholds may shift market sentiment quickly. Chainthink notes the liquidation chart highlights clusters, not exact values, showing relative risk at key levels.
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