ETH Drop Below $1,977 Could Trigger $700M in Long Liquidations on Major CEXs

A drop in Ethereum's price below $1,977 could trigger cumulative long liquidations of $700 million on major centralized exchanges, Coinglass data cited by ChainCatcher show. Conversely, if ETH rises above $2,184, short positions on these platforms could face $470 million in liquidations.