According to Coinglass data reported by COINOTAG on September 18, Ethereum faces defined liquidation thresholds: a move above $4,700 would correspond to cumulative short liquidation intensity across mainstream CEXs of about $1.186 billion, while a decline below $4,500 would imply cumulative long liquidation intensity near $1.023 billion. Market participants should treat these figures as indicative stress levels in the derivatives market rather than exact contract quantities.
COINOTAG emphasizes that the liquidation chart represents the relative significance of liquidation clusters, showing how price zones may precipitate a liquidity cascade rather than providing precise contract or dollar totals. Traders and risk managers are advised to integrate these intensity signals with on‑chain metrics and order book analysis to evaluate execution risk and margin exposure on centralized exchanges.
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