ChainCatcher reported, citing Coinglass data, that ETH liquidation intensity on major centralized exchanges is concentrated around two stated price levels. According to the data, if ETH falls below $1,706, cumulative long liquidation intensity across major CEXs will reach $976 million.
The opposite price direction also has a corresponding figure. If ETH breaks above $1,884, cumulative short liquidation intensity on major CEXs will reach $930 million. These two figures respectively refer to downside and upside trigger areas, showing the liquidation pressure associated with long and short positions at the stated ETH price levels.
Liquidation intensity is commonly used to observe how leveraged futures positions are distributed near specific market prices. The Coinglass figures cited in the report only provide the cumulative liquidation intensity around the $1,706 and $1,884 ETH levels, without additional exchange-level breakdowns or further time-frame details.