According to Coinglass data, significant leveraged positions in Ethereum (ETH) are clustered around the $1,867 and $1,691 price levels, creating key liquidation zones. A break above $1,867 would trigger an estimated $1.018 billion in cumulative short liquidations across major centralized exchanges (CEXs), while a move below $1,691 would result in $539 million in cumulative long liquidations.
Liquidation intensity represents the total value of forced liquidations likely to occur at each price level, reflecting the density of leveraged positions. When these threshold levels are breached, the resulting wave of automatic liquidations can amplify price momentum, potentially leading to rapid and volatile swings. Coinglass, a prominent crypto derivatives data platform, compiles this data by aggregating open interest across major CEXs to generate its Liquidation Map, providing traders with an intuitive gauge of market leverage risk.