$ETH Smashes $4K, Shorts Crushed 🚀
ETH surged past $4,000, obliterating leveraged short positions. One trader on 25× leverage ate a $15.8M loss, still $3.3M in the red.
A huge short squeeze is underway $76M in ETH shorts wiped out in 24 hours. Analysts warn a steady hold above $4K could liquidate another $331M.
Big money is pouring in. ETH ETFs have pulled in $9.5B, with a record $727M in one day. On-chain data eyes $4,900 as the next big level, echoing past doubles.
Shorts are reeling, institutions are loading up, and momentum’s roaring. But if $4K cracks, expect a quick drop.