Ethereum Price Shift Could Trigger Up to $890M in Liquidations
Coinglass data indicates sharp liquidation risks on major centralized exchanges if Ethereum moves beyond $3,200 or below $3,000.
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Summary
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Terms & Concepts
- Liquidation: The forced closure of a trader's position when market movements cause losses that exceed margin limits.
- CEX (Centralized Exchange): A cryptocurrency trading platform governed by a centralized organization, responsible for handling user funds and transactions.
- Short Position: A trading strategy that profits from a decline in asset price by selling borrowed assets and repurchasing them at a lower price.