According to ChainCatcher, Coinglass data shows two key liquidation intensity levels for ETH on major centralized exchanges. If ETH falls below $1,650, cumulative long liquidation intensity on major CEXs will reach $614 million. In the opposite direction, if ETH breaks above $1,814, cumulative short liquidation intensity on major CEXs will reach $490 million.
Liquidation intensity levels around $1,650 and $1,814
The figures focus on derivatives positions across major centralized exchanges. Long liquidation intensity refers to the concentration of liquidation pressure faced by long positions if the price moves below a specified level, while short liquidation intensity refers to the pressure faced by short positions if the price moves above a specified level. Based on the Coinglass data, the liquidation intensity below $1,650 for long positions is higher than the liquidation intensity above $1,814 for short positions.
Liquidation intensity is not the same as liquidation volume that has already occurred. It is used to observe how position pressure is distributed around specific price trigger zones. For ETH derivatives traders, $1,650 and $1,814 are the two price points highlighted in this data set for long-side and short-side liquidation pressure.