According to ChainCatcher, Coinglass data shows two key ETH price levels tied to different directions of contract liquidation pressure on major centralized exchanges. If ETH drops below $1,589, the cumulative long liquidation intensity across major CEXs would reach $1.051 billion.
In the opposite direction, if ETH rises above $1,754, the cumulative short liquidation intensity on major CEXs would reach $526 million. The two figures describe separate scenarios: downside movement triggering pressure on long positions, and upside movement triggering pressure on short positions.
Based on the figures disclosed by Coinglass, the liquidation intensity linked to longs below $1,589 is higher than the short-side liquidation intensity above $1,754. Such liquidation intensity data is commonly used as a reference for understanding how leveraged positions are distributed around specific ETH price levels.