Coinglass: Ethereum Break Above $4,300 May Spark $2.41B Short Liquidations on Major CEXs; Drop Below $4,000 Could Trigger $1.31B Long Liquidations

COINOTAG, citing Coinglass data on August 20, reports that if Ethereum were to trade above $4,300, the cumulative short liquidation intensity across major CEXs would total approximately $2.411 billion; conversely, a decline below $4,000 would correspond to roughly $1.314 billion in cumulative long liquidation intensity.

Market participants should note the underlying metric: the liquidation chart quantifies relative intensity of liquidation clusters rather than enumerating exact contract counts or notional values, so bars reflect the comparative impact of nearby price levels rather than precise contract tallies.

As a risk indicator, a taller liquidation bar signals a higher potential for a pronounced market reaction due to a liquidity cascade, making this dataset useful for portfolio margining and positioning decisions without implying guaranteed price outcomes.