ChainCatcher reported, citing Coinglass data, that ETH is facing two notable liquidation-intensity levels across major centralized exchanges. If ETH drops below $1,705, cumulative long liquidation intensity on major CEXs would reach $857 million. In the opposite direction, if ETH breaks above $1,881, cumulative short liquidation intensity on major CEXs would reach $739 million.
Two ETH Price Levels: $1,705 and $1,881
The figures refer to liquidation pressure tied to leveraged positions at specific price levels. The long-side liquidation intensity is associated with a move below $1,705, while the short-side liquidation intensity is associated with a move above $1,881. Liquidation intensity describes the scale of positions that would face concentrated liquidation pressure if a given price level is triggered; it is not the same as liquidation volume that has already occurred.
Based on the Coinglass data cited in the report, the long liquidation intensity below $1,705 stands at $857 million, higher than the $739 million in short liquidation intensity above $1,881. The data covers major CEXs and serves as a real-time reference for the distribution of leveraged ETH positions across those trading venues.