Ethereum’s price movements near critical thresholds of $2900 and $2700 pose significant risks for leveraged positions in the derivatives market, with potential liquidations exceeding $1.3 billion.
A breach above the $2900 level could trigger the liquidation of short positions totaling approximately $1.31 billion.
Conversely, a decline below $2700 has the potential to activate liquidations of long positions worth around $1.28 billion.
Data visualization from Coinglass highlights concentrated liquidation clusters near these price points, indicating potential market pressure zones.
While the Coinglass data illustrates the intensity of liquidation risks, it does not specify exact contract numbers or precise dollar values beyond the indicated clusters.
These liquidation clusters serve as crucial markers for traders and investors, highlighting price levels requiring heightened vigilance for effective risk management strategies amid heightened market volatility.