ChainCatcher reported, citing Coinglass data, that if ETH rises above $1,749, the cumulative short liquidation intensity across major centralized exchanges will reach $677 million. The figure refers to the concentration of short positions that would face liquidation pressure if the ETH price moves through that level.
Key ETH Levels for Long and Short Liquidations
The same Coinglass data shows the opposite scenario as well. If ETH drops below $1,585, cumulative long liquidation intensity on major CEXs will reach $605 million. In this dataset, the area above $1,749 is associated with short-side liquidation pressure, while the area below $1,585 is associated with long-side liquidation pressure.
Liquidation intensity data is commonly used to observe how leveraged positions are distributed around specific price levels. In this case, Coinglass identifies two ETH price points that correspond to the cumulative liquidation scale of long and short positions on major centralized exchanges.