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ETH Drop to $2,303 Could Trigger $1.37B in CEX Long Liquidations

Data shows that if ETH falls below $2,303, cumulative long liquidation intensity on major centralized exchanges could reach $1.372 billion. This highlights significant downside risk for leveraged long positions in the current market.

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AI take

The number itself is the story: $1.37 billion of clustered long liquidations sits just beneath spot, meaning the market's downside is mechanically amplified rather than purely sentiment-driven. That concentration matters most for leveraged traders on centralized venues, where a modest move can cascade into forced selling and deeper wicks. The open question is whether that liquidation shelf gets tested and absorbed, or whether it acts as a magnet once price approaches it.

Generated by AI for reference only.

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