COINOTAG News, citing Coinglass data, indicates that Ethereum breaking through $3100 could trigger a surge in short liquidations across mainstream CEXs, with a projected exposure of $905 million. The development underscores evolving liquidity risk dynamics as price tests a key level.

By contrast, a move below $2900 may unleash a pronounced long liquidation wave, estimated at $674 million on major exchanges. This scenario highlights potential downside pressure as leveraged bets unwind and liquidity depth shifts across venues.

Note: COINOTAG clarifies that the liquidation chart measures relative intensity, not exact counts. Higher liquidation bars imply a stronger price reaction when those levels are reached, a critical input for risk management and hedging strategies in crypto markets.