ChainCatcher reported, citing Coinglass data, that ETH faces a higher concentration of short-side liquidation pressure near the $1,768 level. If ETH breaks above $1,768, cumulative short liquidation intensity on major centralized exchanges would reach $1.056 billion. The figure refers to the concentration of leveraged short positions that would face liquidation pressure once the specified price condition is triggered.
On the downside, Coinglass data shows that if ETH falls below $1,601, cumulative long liquidation intensity across major CEXs would reach $388 million. Compared with the short liquidation intensity associated with the upper price level, the long liquidation intensity tied to the lower level is smaller in scale, creating a clear contrast between the two sides of the market structure described in the data.
The data focuses on ETH liquidation distribution around two specific trigger levels: $1,768 above the current range and $1,601 below it. For users monitoring leveraged positioning on major CEXs, liquidation intensity can serve as a reference for observing where position pressure is concentrated when price reaches defined levels. The figures are based on Coinglass’s statistical framework.