ETH Drop Below $2,153 Could Trigger $479M Long Liquidations on Major CEXs

The figure is a map of where leverage is stacked, not a forecast: it marks the price zone where forced selling could feed on itself across major centralized venues. That matters most for traders carrying leveraged longs, since cascading liquidations can amplify a move well beyond the trigger level. For everyone else, the notable point is how concentrated positioning has become around a single threshold. Whether that cluster is absorbed or unwound is the open question, and it is worth watching how order books behave as price approaches the zone.