ETH Breakout to $2,567 Could Trigger $1.04B in Short Liquidations

The liquidation cluster above $2,567 is a meaningful structural marker, not just a price target. The scale of short positioning suggests that a breakout could trigger forced buying, creating a feedback loop that may extend moves beyond what fundamentals alone would justify. For market participants, the key is whether the level holds or gets tested repeatedly, as each touch could thin out liquidity. The concentration on CEXs also points to where risk is centered, making exchange flow data the next signal to watch for confirmation of whether the squeeze narrative plays out or fades.