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COINOTAG, citing Coinglass data, notes that for Ethereum traders an upside move above $3,600 could coincide with a short liquidation intensity on major CEX venues approaching $807 million, highlighting potential intraday liquidity stress in the event of a breakout.
In contrast, a dip below $3,400 might push the cumulative long liquidation intensity on mainstream CEX platforms toward roughly $564 million, signaling how downside risk could amplify liquidations across exchanges.
COINOTAG emphasizes that the displayed liquidation chart does not enumerate exact contract counts or liquidation values; the bars reflect the relative significance (intensity) of adjacent clusters, indicating where specific price levels may trigger measurable market impacts.
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