Ethereum Liquidation Warning: Above $4,400 Could Spark $1.08B Short Squeeze; Below $4,200 Risks $1.47B Long Liquidations on Major CEXs

Ethereum faces defined liquidation thresholds per Coinglass data cited by COINOTAG on October 1: a rebound above $4,400 would correspond to roughly $1.084 billion in cumulative short liquidation intensity across major centralized exchanges (CEXs), while a drop below $4,200 would align with about $1.469 billion in cumulative long liquidation intensity.

The published liquidation chart represents the relative intensity of liquidation clusters rather than exact contract counts or precise dollar values; higher bars signal a stronger potential market reaction at those price levels, consistent with a heightened risk of a liquidity cascade.

Market participants—traders and risk managers—should use these figures as actionable liquidity risk indicators to inform position sizing and stop placement, integrating Coinglass metrics with on-chain and order-book analysis for a comprehensive risk assessment rather than as deterministic price forecasts.