ChainCatcher reported, citing Coinglass data, that ETH is facing two notable liquidation-intensity reference levels across major centralized exchanges. According to the data, if ETH breaks above $1,853, cumulative short liquidation intensity on major CEXs would reach $833 million.
On the downside, the same Coinglass data shows that if ETH falls below $1,679, cumulative long liquidation intensity on major CEXs would reach $544 million. These figures describe the distribution of liquidation pressure tied to leveraged long and short positions at the two stated ETH price thresholds.
Liquidation intensity is used to observe how leveraged positions are concentrated around specific trigger prices. In this data set, $1,853 is the reference level associated with short-side liquidation intensity, while $1,679 is the reference level associated with long-side liquidation intensity on major CEXs.