Ethereum Price Thresholds Trigger Massive $2.1 Billion Liquidation Wave on Major CEXs

On July 10th, data from Coinglass highlights critical thresholds for Ethereum’s price movements impacting liquidation volumes on major centralized exchanges (CEXs). Should Ethereum surpass the $2,900 mark, the aggregate short liquidation intensity is projected to reach approximately $655 million, signaling significant short-seller unwinding. Conversely, a decline below $2,700 could trigger a substantial long liquidation intensity estimated at $1.452 billion, reflecting considerable long-position liquidations.

It is important to note that the liquidation chart provided by COINOTAG does not quantify the exact number or value of contracts liquidated. Instead, it measures the relative significance of liquidation clusters, termed as liquidation intensity, which indicates the potential market impact at specific price points. A taller liquidation bar suggests a stronger liquidity wave, implying that price movements near these levels could provoke heightened volatility due to cascading liquidations.