🚀 $ETH Smashes Through $4K as Shorts Get Wiped Out
Ethereum has surged past $4,000, hammering high-leverage short positions. One trader on 25× leverage suffered a $15.8M hit and remains $3.3M in the red.
The short squeeze is intense — over $76M in ETH shorts have been liquidated in the last 24 hours, and a confirmed hold above $4K could trigger another $331M in wipeouts.
Institutional demand is adding fuel 🔥. ETH ETFs have pulled in $9.5B so far, including a $727M single-day record. On-chain data now points to $4,900 as the next major target, echoing past rallies where ETH doubled.
