Coinglass data cited by ChainCatcher shows that ETH is approaching two notable liquidation levels on major centralized exchanges. If ETH falls below $1,666, cumulative long liquidation intensity could reach $917 million. On the upside, if ETH breaks above $1,839, cumulative short liquidation intensity could rise to $460 million. The figures indicate a materially heavier liquidation cluster on the long side, highlighting stronger downside forced-close pressure if support fails.
ETH Approaches Major Liquidation Levels
According to ChainCatcher, citing data from Coinglass, ETH is sitting near two important liquidation thresholds across major centralized exchanges. If ETH drops below $1,666, cumulative long liquidation intensity on mainstream CEX platforms could reach $917 million. In the opposite direction, if ETH breaks above $1,839, cumulative short liquidation intensity could total $460 million.
The data points to leveraged positioning on both sides of the market, but the downside liquidation cluster is significantly larger than the upside one. In practical terms, this suggests that if ETH loses the $1,666 level, forced unwinding of long positions could be materially stronger than the short squeeze potential above $1,839. Source: ChainCatcher. Data provider: Coinglass.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
