Data: If ETH drops below $2,050, the total long liquidation strength on major CEXs will reach $786 million.
ChainCatcher reports that, according to Coinglass data, if ETH drops below $2,050, the total liquidation strength of long positions on major CEXs will reach $786 million. Conversely, if ETH breaks above $2,261, the total liquidation strength of short positions on major CEXs will reach $407 million.
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It sure smells like a bull trap...
These levels seem nice for a little SHORT, so let's play. Nice to have juicy spot long term positions, so happy either way.
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