ChainCatcher reported, citing Coinglass data, that ETH has two key price levels associated with liquidation intensity across major centralized exchanges. If ETH falls below $1,596, the cumulative long liquidation intensity on major CEXs would reach $971 million. Conversely, if ETH breaks above $1,758, the cumulative short liquidation intensity on major CEXs would reach $403 million.
Two ETH levels tracked by Coinglass
The figures refer to different sides of the derivatives market. A move below $1,596 corresponds to liquidation pressure on long positions, while a move above $1,758 corresponds to liquidation pressure on short positions. Both figures are based on Coinglass data covering major CEXs.
Liquidation intensity is used to describe the scale of forced-position pressure around a given price level when leveraged positions no longer meet margin requirements. In the data cited, the long-side liquidation intensity of $971 million is higher than the short-side figure of $403 million, showing that the two referenced ETH price levels carry different liquidation-pressure profiles.