Ethereum Faces $784M Long Liquidations Below $2,900, $923M Short Liquidations Above $3,100

Ethereum dropping below $2,900 would trigger an estimated $784 million in cumulative long liquidations on major centralized exchanges, while a break above $3,100 could lead to $923 million in short liquidations, Coinglass data show. BlockBeats reports on Jan. 1 that the liquidation heatmap reflects relative intensity of liquidation clusters rather than exact contract values. Higher liquidation bars indicate stronger potential market reactions driven by liquidity shifts when prices reach those levels.