The post Ethereum at Key Levels: Breaking $3,000 Could Trigger $794M in CEX Short Liquidations; Dropping Below $2,850 May Cause $426M in CEX Long Liquidations appeared on BitcoinEthereumNews.com. COINOTAG, citing Coinglass data, flags potential liquidity pressure around Ethereum price thresholds. If ETH clears $3,000, the aggregate short liquidation on major CEXs could reach roughly $794 million, signaling a liquidity-driven risk of a sharp move. On the flip side, a breach below $2,850 could unleash about $426 million in long liquidation across mainstream exchanges, highlighting asymmetric risk to the downside. COINOTAG notes that the liquidation chart’s bars reflect relative intensity among clusters, not exact contract counts or liquidated value; higher bars indicate a stronger price reaction when such levels are reached, i.e., a potential liquidity cascade. Traders should monitor these thresholds as part of risk-management strategies given the probability of rapid moves around stated levels, reinforcing the need for disciplined position sizing and stop placement. Source: https://en.coinotag.com/breakingnews/ethereum-at-key-levels-breaking-3000-could-trigger-794m-in-cex-short-liquidations-dropping-below-2850-may-cause-426m-in-cex-long-liquidationsThe post Ethereum at Key Levels: Breaking $3,000 Could Trigger $794M in CEX Short Liquidations; Dropping Below $2,850 May Cause $426M in CEX Long Liquidations appeared on BitcoinEthereumNews.com. COINOTAG, citing Coinglass data, flags potential liquidity pressure around Ethereum price thresholds. If ETH clears $3,000, the aggregate short liquidation on major CEXs could reach roughly $794 million, signaling a liquidity-driven risk of a sharp move. On the flip side, a breach below $2,850 could unleash about $426 million in long liquidation across mainstream exchanges, highlighting asymmetric risk to the downside. COINOTAG notes that the liquidation chart’s bars reflect relative intensity among clusters, not exact contract counts or liquidated value; higher bars indicate a stronger price reaction when such levels are reached, i.e., a potential liquidity cascade. Traders should monitor these thresholds as part of risk-management strategies given the probability of rapid moves around stated levels, reinforcing the need for disciplined position sizing and stop placement. Source: https://en.coinotag.com/breakingnews/ethereum-at-key-levels-breaking-3000-could-trigger-794m-in-cex-short-liquidations-dropping-below-2850-may-cause-426m-in-cex-long-liquidations

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more