Ethereum May Spark $1.393B Short Liquidations at $4,900 or $1.121B Long Liquidations at $4,700 — Coinglass

According to Coinglass data cited by COINOTAG on August 24, if Ethereum breaks above $4,900, the aggregate short liquidation strength across major CEXs is approximately $1.393 billion; conversely, a drop below $4,700 corresponds to about $1.121 billion in aggregate long liquidation strength.

COINOTAG notes the on-chain liquidation chart does not display exact contract counts or precise notional values; the chart’s bars represent the relative strength of liquidation clusters compared with adjacent levels, providing a normalized indicator rather than absolute figures.

Market participants can use these metrics to inform risk management and assess margin exposure, since elevated liquidation bars identify price bands where a liquidity cascade could materially intensify order-book reactions if those thresholds are reached.

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