ChainCatcher reported, citing Coinglass data, that ETH is positioned near two price levels associated with sizeable liquidation intensity on major centralized exchanges. If ETH breaks above $1,749, cumulative short liquidation intensity across major CEXs will reach $677 million. In the opposite direction, if ETH drops below $1,585, cumulative long liquidation intensity across major CEXs will reach $605 million.
Liquidation intensity around $1,749 and $1,585
The figures describe how leveraged positions may be concentrated around the two ETH price levels on major centralized exchanges. The upper level, $1,749, is tied to short positions, while the lower level, $1,585, is tied to long positions. Coinglass lists the corresponding cumulative liquidation intensity at $677 million for shorts and $605 million for longs.
This type of liquidation-intensity data is used to show where leveraged positions are clustered in the derivatives market. In the data cited, both the upside and downside levels for ETH carry large cumulative figures, indicating that the two price zones are relevant reference points for observing leverage distribution on major CEXs.