Coinglass: ETH dip below $2,370 may trigger $1.092B in long liquidations across major CEXs

AI Market Summary

Derivatives positioning suggests elevated liquidation sensitivity in ETH around key levels. Coinglass data indicates a move below $2,370 could force roughly $1.092B of long liquidations across major CEXs, while a break above $2,615 could pressure about $613M of shorts. The skew implies downside is more crowded, potentially increasing volatility and accelerating intraday moves if either threshold is breached.

Impact level

● Medium

Affected assets

ETH/USDT+1.11%

AI Insight · ETH/USDTAI Insight

● Neutral

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ChainCatcher cited Coinglass data showing that if ETH drops below $2,370, long-position liquidations on major centralized exchanges could total $1.092 billion. If ETH moves above $2,615, short-position liquidations on major CEXs are estimated at $613 million.

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