ChainCatcher reported, citing Coinglass data, that Ethereum (ETH) is approaching two price levels associated with notable liquidation intensity on major centralized exchanges. If ETH breaks above $1,810, cumulative short liquidation intensity across major CEXs would reach $636 million. In the opposite direction, if ETH drops below $1,639, cumulative long liquidation intensity across major CEXs would reach $529 million.
$1,810 and $1,639 Mark the Key Liquidation Reference Levels
Liquidation intensity describes the estimated scale of leveraged positions that would face forced closure when price reaches a specific level. In this case, the Coinglass figures separate the pressure on short positions during an upward move from the pressure on long positions during a downward move. The data was published by ChainCatcher as a market analysis newsflash and refers specifically to ETH positions on major CEXs.