Ethereum Liquidation Alert: $1.395B in Shorts at $4,500 and $0.712B in Longs if ETH Falls Below $4,300

COINOTAG reported on September 5, citing Coinglass data, that if Ethereum breaks above $4,500, the aggregate liquidation intensity of major centralized-exchange (CEX) short positions would reach approximately $1.395 billion; conversely, a decline below $4,300 would raise the aggregate CEX long liquidation intensity to about $0.712 billion. COINOTAG clarifies that the published liquidation chart conveys relative intensity rather than exact contract counts or precise dollar values: each bar denotes the significance of a liquidation cluster versus adjacent clusters. A higher liquidation bar therefore indicates a stronger market reaction driven by a liquidity cascade, highlighting concentrated stress points on exchange order books.