COINOTAG cites data from Coinglass on August 20, stating that if the Ethereum trading price breaks through $4,300, the cumulative short liquidation intensity across major centralized exchanges will reach approximately $2.411 billion; conversely, dropping below $4,000 would mean the cumulative long liquidation intensity reaches about $1.314 billion.

Market participants should pay attention to the underlying indicators: the liquidation chart quantifies the relative strength of liquidation clusters, rather than listing the exact number of contracts or notional value, thus the bar chart reflects the comparative impact of nearby price levels, rather than the precise total number of contracts.

As a risk indicator, higher liquidation thresholds suggest a greater likelihood of significant market reactions due to cascading liquidity, making this dataset useful for portfolio margin and positioning decisions, without guaranteeing price outcomes.