Coinglass data indicates that should Ethereum surpass $4,400, the aggregated short liquidation intensity on major CEXs would amount to approximately $1.868 billion; conversely, a drop beneath $4,200 corresponds to cumulative long liquidation intensity near $2.048 billion. These figures represent modeled intensity thresholds rather than precise contract values and reflect where liquidity concentrations sit across exchange order books.
Per COINOTAG, the liquidation chart visualizes the relative weight of adjacent liquidation clusters and the potential market impact if price reaches those levels: a larger liquidation bar denotes a stronger response driven by a liquidity cascade. Market participants can use this intensity mapping to assess potential execution risk by monitoring order-book depth and open interest metrics.