ChainCatcher reported, citing Coinglass data, that ETH is approaching two price levels associated with notable liquidation intensity across major centralized exchanges. According to the data, if ETH falls below $1,650, cumulative long liquidation intensity on major CEXs will reach $614 million.
On the other side of the price range, Coinglass data shows that if ETH breaks above $1,814, cumulative short liquidation intensity on major CEXs will reach $490 million. These figures correspond to the concentration of forced long liquidations in a downside move and forced short liquidations in an upside move.
Liquidation intensity is commonly used to observe how leveraged positions are distributed around specific trigger prices. The figures cited here reflect cumulative liquidation pressure on major centralized exchanges and do not represent liquidation amounts that have already occurred.