ETH could trigger $1.372 billion in cumulative long-position liquidation intensity on major CEXs if its price falls below $2,303, while a rise above $2,544 could expose $674 million in short positions. Bitcoin could face $2.228 billion in cumulative long liquidations if it falls below $74,537, while a move above $82,272 could bring $1.319 billion in short liquidations. The estimates reflect positions that may be forcibly closed when leveraged traders no longer meet margin requirements.