Coinglass Data: Ethereum Could Trigger $1.37B Short Liquidations at $4,700 or $1.99B Long Liquidations Below $4,400 on Major CEXs

According to Coinglass data cited by COINOTAG on October 5, if Ethereum breaks above $4,700 the aggregate cumulative short liquidation intensity across mainstream centralized exchanges (CEXs) would reach $1.373 billion, while a decline below $4,400 corresponds to a cumulative long liquidation intensity near $1.990 billion. COINOTAG emphasizes that the liquidation chart is an intensity metric rather than a record of exact contract counts or nominal values; its bars represent the relative weight of liquidation clusters versus adjacent clusters. A taller liquidation bar signals a potentially stronger price reaction driven by a liquidity cascade when that level is reached, making these bands useful liquidity-concentration indicators for traders and risk managers rather than deterministic execution forecasts.