According to ChainCatcher, Coinglass data shows a clear distribution of ETH liquidation intensity around two key price levels on major centralized exchanges. If ETH drops below $1,622, cumulative long liquidation intensity across major CEXs would reach $558 million. In the opposite direction, if ETH rises above $1,784, cumulative short liquidation intensity across major CEXs would reach $444 million.
$1,622 and $1,784 Mark the Main Data Levels
The figures describe two separate areas of leveraged-position exposure for ETH. The level below $1,622 corresponds to long liquidation intensity, meaning that a downward move into that range would be associated with concentrated pressure on long positions. The level above $1,784 corresponds to short liquidation intensity, showing the cumulative scale of short-position liquidation pressure on major CEXs if price moves upward into that zone.
Liquidation intensity is not the same as liquidation volume that has already occurred. It is a data-based indication of the cumulative scale that would be triggered under specific price conditions, as presented by Coinglass. For ETH derivatives traders, the two price levels provide a direct reference for observing how leveraged positions are distributed across major centralized exchanges.