ChainCatcher reported, citing Coinglass data, that ETH is associated with notable liquidation intensity around two stated price levels on major centralized exchanges. If ETH drops below $1,626, cumulative long liquidation intensity on major CEXs would reach $544 million. In the opposite direction, if ETH rises above $1,787, cumulative short liquidation intensity on major CEXs would reach $522 million.
The figures refer to the distribution of leveraged long and short positions tied to ETH on centralized trading platforms. Long positions are generally aligned with upward price exposure, so a decline into the stated range would put those positions under liquidation pressure. Short positions are generally aligned with downward price exposure, so an upward move through the stated range would put those positions under liquidation pressure. The two price levels cited in the Coinglass data are $1,626 and $1,787, with the corresponding cumulative liquidation intensity figures at $544 million and $522 million, respectively.
Based on the reported data, the long and short liquidation intensity levels around these two ETH thresholds are relatively close, with a difference of $22 million between them. The news item did not include ETH’s current trading price, a breakdown by individual exchange, or additional derivatives indicators. It only disclosed the cumulative liquidation intensity linked to the two specified price thresholds on major CEXs.