ChainCatcher reported, citing Coinglass data, that ETH liquidation intensity on major centralized exchanges is concentrated around two stated price levels. If ETH falls below $1,738, cumulative long liquidation intensity across major CEXs will reach $1.103 billion. The figure refers to the long-side liquidation intensity associated with that downside trigger level.
On the opposite side, Coinglass data shows that if ETH breaks above $1,920, cumulative short liquidation intensity on major CEXs will reach $462 million. The two figures present the distribution of liquidation intensity under separate price conditions: one for ETH moving below $1,738 and one for ETH moving above $1,920.
Based on the reported data, $1,738 and $1,920 are the two observation levels disclosed in this update. The former corresponds to $1.103 billion in cumulative long liquidation intensity, while the latter corresponds to $462 million in cumulative short liquidation intensity. The data scope is limited to major centralized exchanges, as cited from Coinglass by ChainCatcher.