According to the latest statistics from Coinglass, if the price of Ethereum (ETH) falls below the critical level of $514, the cumulative liquidation scale of long positions on major centralized exchanges (CEX) is expected to reach $2.429 billion. On the other hand, if ETH can break through $4984, the pressure for short position liquidations will rise to $2.403 billion.

Meanwhile, if Bitcoin (BTC) breaks upward past $120,835, the liquidation volume of short positions on major CEX is expected to reach $2.623 billion; whereas if BTC falls below the support level of $109,979, the intensity of long position liquidations may rise to $2.152 billion.

These data reflect the presence of a large number of high-leverage positions in the current derivatives market, and a breakout at key price levels could likely trigger a chain liquidation, making volatility risk a significant concern for investors. $BTC $ETH