Ethereum Price Drop May Wipe Out CEXs' Cumulative Long Positions

A recent analysis indicates that if Ethereum (ETH) falls below $1,827, major cryptocurrency exchanges (CEXs) may face significant losses from their cumulative long positions. According to the data, these exchanges have a total of $865 million in potential losses if ETH's price drops below this threshold.

The analysis suggests that this scenario would lead to a substantial increase in the number of forced liquidations, which could further exacerbate market volatility.