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According to Coinglass data cited by COINOTAG, a break above Ethereum $3,900 could spark a surge in short liquidations across mainstream CEXs, with the cumulative figure near $1.341 billion. By contrast, slipping below $3,700 would correspond to roughly $726 million in long liquidations on major venues.
COINOTAG clarifies that the liquidation chart does not provide exact contract counts or liquidation values. The visualization uses bars to indicate the relative intensity of each liquidation cluster compared with adjacent levels, highlighting how reaching certain price thresholds could provoke a liquidity cascade and intensified market reactions.
For traders, these metrics underscore the importance of monitoring key price nodes and liquidity dynamics as part of risk management. While data remain conditional on exchange reporting, recognizing potential pressure around $3,900 and $3,700 can inform hedging strategies and position sizing in a volatile Ethereum environment.
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