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Ethereum ($ETH) has broken through the $4,000 mark, forcing traders with high leverage out of their positions. One trader with 25× leverage suffered a loss of $15.8M and still remains with $3.3M in losses.

A massive short squeeze is occurring — over $76M in short ETH positions have been liquidated in the last 24 hours. Analysts say a sustained breakout above $4K could trigger another $331M in liquidations.

Institutions are fueling the fire 🔥. ETH ETFs have already attracted $9.5B in inflows, with a one-day record of $727M. Network signals indicate $4,900 as the next key target, reflecting past rallies where ETH doubled its value.$ETH $SOL $BTC