COINOTAG, citing Coinglass analytics on September 11, reports that Ethereum liquidation sensitivity rises markedly at defined thresholds: a breakout above $4,550 corresponds to a cumulative short liquidation intensity of about $1.59 billion across major CEXs, per the data.
Conversely, Coinglass metrics indicate that a slide beneath $4,350 would align with an aggregate long liquidation intensity near $1.014 billion on primary centralized exchanges, according to the COINOTAG note.
The COINOTAG clarification stresses that the liquidation chart reflects relative intensity of liquidation clusters rather than precise contract counts or exact monetary values; taller bars signal greater potential for a liquidity cascade, a factor traders should factor into risk management and order-book analysis.