According to the latest analysis provided by Coinglass data on ICP, fluctuations in ETH prices significantly impact the liquidation of positions on major CEX exchanges.
From the current ETH price level (around $1,980), if it drops below $2,000, the cumulative long position liquidation strength on major exchanges is expected to reach approximately $979 million. On the other hand, if ETH breaks above $3,300, the cumulative short position liquidation strength could reach $516 million.
By understanding the liquidation risks at these price trigger points, traders can use this information as a basis for managing their positions.
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According to the latest analysis provided by Coinglass data on ICP, fluctuations in ETH prices significantly impact the liquidation of positions on major CEX exchanges.
From the current ETH price level (around $1,980), if it drops below $2,000, the cumulative long position liquidation strength on major exchanges is expected to reach approximately $979 million. On the other hand, if ETH breaks above $3,300, the cumulative short position liquidation strength could reach $516 million.
By understanding the liquidation risks at these price trigger points, traders can use this information as a basis for managing their positions.