According to Coinglass data cited by COINOTAG on September 30, if Ethereum rises above $4,300 the cumulative short liquidation intensity across mainstream CEXs would reach about $901 million, while a fall beneath $4,100 would put cumulative long liquidation intensity near $1.066 billion.
The published liquidation chart does not show precise contract counts or nominal values; rather it displays the relative liquidation intensity of neighboring clusters, providing a comparative measure of potential market stress at discrete price points.
A higher liquidation bar implies a stronger potential reaction from a liquidity cascade, information that traders and risk managers may incorporate into position-sizing and orderbook impact assessments without treating the bars as exact monetary tallies.