From the Ethereum liquidation heatmap data, both long and short fluctuations are accompanied by concentrated contract liquidations. Compared to Bitcoin, its liquidation price distribution is more centralized, and the timing of large long and short liquidations is more consistent:
Bullish Market: There are a large number of significant short positions waiting to be liquidated in the $1808-$1836 range, and a concentration of extremely large short positions in the $1852-$1876 range;
Bearish Market: The $1776-$1704 range shows concentrated demand for liquidation of both significant and extremely large long positions.
