ChainCatcher reported, citing Coinglass data, that ETH is approaching two price levels associated with notable liquidation intensity across major centralized exchanges. On the upside, the referenced level is $1,811. If ETH breaks above that price, cumulative short liquidation intensity on major CEXs will reach $579 million, according to the data.
Liquidation figures at $1,811 and $1,649
The same Coinglass data also lists $1,649 as the downside reference level. If ETH falls below $1,649, cumulative long liquidation intensity on major CEXs will reach $480 million. Under this reported data set, the upside short liquidation intensity is higher than the downside long liquidation intensity.
Liquidation intensity is commonly used to observe how leveraged positions are distributed around specific price levels in the derivatives market, particularly across major centralized exchanges. The figure describes estimated liquidation pressure if the stated price levels are reached; it is not the same as liquidation volume that has already occurred.