ETH Break Above $2,565 Could Trigger $1.318B in Short Liquidations on Major CEXs

The concentration of short liquidation intensity at a specific price level marks ETH's $2,565 as a critical technical battleground, where forced buying could amplify upward momentum if breached. This matters most to derivatives traders and liquidity providers, as the scale of potential liquidations suggests the market is positioned for a sharp, volatility-driven move rather than a gradual drift. The open question is whether spot demand can absorb the sell-side pressure needed to reach that threshold, or if repeated tests will weaken the squeeze potential. Watching order book depth and funding rates around that level will indicate whether the liquidation pool is truly accessible.