ChainCatcher reported, citing Coinglass data, that if ETH moves above $1,768, cumulative short liquidation intensity on major centralized exchanges, or CEXs, would reach $1.056 billion. The figure refers to the concentration of forced-liquidation pressure for leveraged short positions around that price level across the major CEX venues covered by the data.
$1,601 Mark Listed for Long Liquidation Intensity
The same Coinglass data also shows that if ETH drops below $1,601, cumulative long liquidation intensity on major CEXs would reach $388 million. Based on the two thresholds provided in the source, the upside level of $1,768 is linked to $1.056 billion in short liquidation intensity, while the downside level of $1,601 is linked to $388 million in long liquidation intensity.
Liquidation intensity is used to describe how leveraged positions are clustered across price ranges for potential forced closure. It is not the same as the amount of liquidations that has already occurred. The information was sourced from Coinglass statistics on major centralized exchanges and was published by ChainCatcher as a market analysis newsflash.