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According to Coinglass data cited by COINOTAG, a breach of $4,500 for Ethereum would align with an aggregate short liquidation intensity across major centralized exchanges of approximately $1.485 billion, indicating concentrated short exposure at that price node.
Conversely, Coinglass shows that a drop below $4,200 would aggregate long liquidation intensity near $2.216 billion on mainstream CEXs, highlighting an asymmetric distribution of leveraged long positions relative to shorts.
COINOTAG emphasizes that the liquidation chart represents relative intensity of liquidation clusters rather than exact contract counts or precise notional values; taller bars signal a greater potential market impact through a liquidity cascade, not a definitive liquidation tally.
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