COINOTAG (Oct 3) cites Coinglass data showing that if Ethereum exceeds $4,600, the cumulative short liquidation strength across major CEX platforms would reach approximately $847 million; conversely, a slide below $4,400 corresponds to roughly $1.236 billion in cumulative long liquidation strength.
Coinglass emphasizes that the on‑chart liquidation bars represent relative cluster importance rather than precise contract counts or notional values; a higher liquidation bar denotes stronger concentration of exposures and a greater likelihood of a cascading liquidity event when price intersects that level.
Institutional and active retail traders should monitor open interest and the order book near these thresholds, as concentrated liquidation strength increases short‑term price impact and execution risk; this data informs risk management but does not constitute a directional prediction.