CEXs Face Potential $11.54 Billion Losses if ETH Drops Below $2,576

According to recent data, if Ethereum (ETH) were to drop below $2,576, major centralized exchanges (CEXs) would face significant losses from liquidating their cumulative long positions. This calculation is based on the total value of these positions, which could amount to a staggering $11.54 billion.

The data highlights the risks associated with holding large amounts of ETH as a CEX, particularly when market conditions become unfavorable. The figure represents a substantial portion of the overall value held by these exchanges and underscores the potential consequences of significant price drops.