ETH Drop to $1,822 Could Trigger $923M Long Liquidations on Major CEXs

The figure matters less as a forecast than as a map of where leverage is stacked: a single, well-defined price level now carries an outsize concentration of forced-selling risk across major centralized exchanges. That asymmetry cuts both ways, since crowded liquidation zones often become magnets for price discovery rather than clean support. The open question is whether this cluster reflects genuine hedging or one-sided speculation, and whether it thins out before it is tested.