ETH smashed through $4,500 for the first time since 2021 during Tuesday's trading session. The breakthrough represents a massive 26% weekly gain that devastated short sellers.
Traders betting against ETH absorbed $104 million in liquidations across 24 hour. ETH led all crypto liquidations with $154 million wiped out, while total market liquidations reached $403 million.
#BlackRock's ETHA ETF dominated Monday's record $1 billion inflow day, capturing nearly 63% of all Ethereum ETF investments. $ETH #ETFs are consistently outpacing Bitcoin counterparts with only three net outflow days since July.
Treasury companies are aggressively accumulating #Ethereum reserves through strategic buying. #BitMine upsized its fundraising target by $20 billion Tuesday to maintain its position as the world's largest Ethereum treasury holder.
Roughly 8% of the total ETH supply is now controlled by institutional players, up 5% since April. Predictors on Myriad show 77.7% odds for $5,000 by year-end as #cryptocurrency adoption accelerates.
