ETH at $2,504 Could Trigger $1.24B in Short Liquidations on Major CEXs

According to ChainCatcher citing Coinglass data, a rise in ETH above $2,504 would bring the cumulative short liquidation intensity on major centralized exchanges to $1.24 billion. Conversely, a drop below $2,269 would bring cumulative long liquidation intensity to $801 million.