Ethereum Move Above $3,100 or Below $2,800 Could Trigger Over $1.4B in Liquidations on Major CEXs

Ethereum could face cumulative short liquidations of $728 million on major centralized exchanges if its price climbs above $3,100 on January 24, Coinglass data cited by BlockBeats show. A drop below $2,800 would put long positions at risk, with potential aggregate liquidations of $704 million across leading CEXs. BlockBeats noted the liquidation heatmap does not represent exact contract numbers or precise notional value to be liquidated, but instead shows relative significance of each liquidation cluster, with higher "liquidation bars" signaling stronger market reactions driven by liquidity surges if Ethereum reaches those levels.