ChainCatcher reported that, according to Coinglass data, ETH currently has two key price levels associated with different liquidation pressure readings on major centralized exchanges. If ETH breaks above $1,796, the cumulative short liquidation intensity across major CEXs would reach $1.138 billion. In the opposite direction, if ETH drops below $1,627, the cumulative long liquidation intensity across major CEXs would reach $531 million.
Two ETH Price Levels and Their Liquidation Readings
The data separates the market into an upside trigger and a downside trigger. The upside level is $1,796, where short positions carry the relevant liquidation intensity figure. The downside level is $1,627, where long positions carry the corresponding liquidation intensity figure. Based on the Coinglass numbers cited by ChainCatcher, the short-side liquidation intensity above $1,796 is larger than the long-side liquidation intensity below $1,627.
Liquidation intensity data is used to describe how leveraged positions are distributed around specific price levels. In this item, the figures focus on ETH and use cumulative long and short liquidation intensity on major CEXs as the measurement scope. The reported numbers show the scale of forced-position pressure associated with those two ETH price thresholds.