ChainCatcher reported, citing data from Coinglass, that Ether faces notable liquidation pressure on both sides at nearby price levels. If ETH falls below $2,353, the cumulative long liquidation intensity across major centralized exchanges could reach $1.077 billion. On the upside, if ETH breaks above $2,587, the cumulative short liquidation intensity across major CEXs could reach $568 million. The figures point to two key price thresholds being watched in the derivatives market, with downside long liquidations notably larger than upside short liquidations based on the data cited in the report. The item was published by ChainCatcher under the market analysis category.
According to a ChainCatcher report citing Coinglass data, if ETH drops below $2,353, cumulative long liquidation intensity across major centralized exchanges could reach $1.077 billion.
If ETH rises above $2,587, cumulative short liquidation intensity across major CEXs could reach $568 million.
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