Ethereum Price Plunge Triggers $73 Million Margin Call Risk

A new report has raised concerns about the potential for large losses among Ethereum (ETH) investors. According to data, if ETH were to fall below $2,554, major cryptocurrency exchanges (CEX) would face significant margin calls, totaling $73 million.

Currently, there are reportedly large long positions held on CEX platforms, which could be wiped out if the price of ETH drops further. This could lead to a cascade of liquidations, exacerbating the downward pressure on the market.