ChainCatcher reported, citing Coinglass data, that ETH is associated with different liquidation-intensity levels around two stated price thresholds on major centralized exchanges. If ETH breaks above $1,768, cumulative short liquidation intensity on major CEXs will reach $1.056 billion. Conversely, if ETH falls below $1,601, cumulative long liquidation intensity on major CEXs will reach $388 million.
Liquidation data around $1,768 and $1,601
The figures focus on the pressure linked to leveraged positions when price reaches specific levels. Short liquidation intensity corresponds to pressure on short positions after an upward break, while long liquidation intensity corresponds to pressure on long positions after a downward move below the stated level. Based on the Coinglass numbers, the $1.056 billion cumulative short liquidation intensity at $1,768 is higher than the $388 million cumulative long liquidation intensity at $1,601.
This dataset only presents the liquidation-intensity distribution near the two levels mentioned for major CEXs, and does not include a full view of position changes across other price zones. For users tracking the ETH derivatives market, $1,768 and $1,601 are the two observation points listed in this Coinglass data item.