According to ChainCatcher, Coinglass data shows two clear ETH liquidation levels across major centralized exchanges: $1,650 and $1,814. If ETH drops below $1,650, cumulative long liquidation intensity on major CEXs would reach $614 million. Conversely, if ETH breaks above $1,814, cumulative short liquidation intensity on major CEXs would reach $490 million.
Liquidation intensity is split between long and short positions
The figures are based on Coinglass data and refer to major CEX venues. Liquidation intensity measures the scale of leveraged positions that are concentrated around specific price levels and would be subject to forced closure if those levels are reached. For long positions, the relevant downside level is $1,650, with cumulative liquidation intensity of $614 million. For short positions, the upside level is $1,814, with cumulative liquidation intensity of $490 million.
The comparison shows that the liquidation intensity linked to ETH falling below $1,650 is larger than the liquidation intensity linked to ETH rising above $1,814. The data reflects the distribution of ETH leveraged positions on major CEXs at the stated price levels. It is not the same as actual trading volume and does not represent a directional price judgment.