I just noticed that liquidation data on major CEXs is quite interesting. According to Coinglass, if ETH surpasses $2,100, the liquidation intensity of short positions will be around $896 million. Conversely, if the price drops to $1,900, long position liquidations will reach up to $650 million.



The interesting thing about the liquidation chart is that it shows the "concentration" level of liquidation orders at each price point. Taller bars mean that when the price hits that level, there will be a stronger wave of liquidity. It doesn't just indicate exact numbers, but shows you which "dangerous" price levels could cause the biggest impact.

These levels can be considered as "pressure points" in the market. If ETH has enough strength to break through, there will be a large liquidation wave. Conversely, if it cannot hold, the pressure from long positions will increase significantly.
ETH0.31%
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