Ethereum Liquidation Alert: $541M Long at $4,600 vs $879M Short at $4,750 on Major CEXs (Coinglass)

COINOTAG reported on September 14, citing Coinglass data that if Ethereum declines below $4,600, the aggregate long liquidation strength across mainstream CEXs would reach approximately $541 million; conversely, a break above $4,750 corresponds to roughly $879 million in short liquidation strength.

The published liquidation chart does not disclose precise contract counts or nominal values; instead, it quantifies the relative significance of adjacent liquidity clusters, so the displayed bars reflect comparative strength rather than exact liquidation volumes.

A taller liquidation bar indicates a higher potential market impact when that price level is tested, as a pronounced liquidity cascade can amplify forced deleveraging — a factor that institutional traders and risk management desks should monitor when calibrating exposure and execution.