💥24-Hour Turbulence in the Crypto Market: Nearly $500 Million Liquidated! ETH Surges Past $4300 Amidst Long and Short Battles, Major Players Keep Moving!

PANews reports that Coinglass data can be described as a "bloodbath"—in the past 24 hours, $488 million in contracts were liquidated across the network! Short positions suffered $318 million in liquidations, crushing long positions at $170 million, with BTC and ETH being the hardest hit, liquidating $120 million and $191 million respectively, the battle between longs and shorts has reached a boiling point!

On the other hand, ETH is soaring against the trend! Binance's market indicates it has broken through the $4300 mark, currently trading at $4304.35, a strong increase of 2.30% in 24 hours, showing a striking contrast to the liquidation wave!

Moreover, there are significant actions taking place:

- Tether Treasury minted 1 billion USDT on the Ethereum chain, the liquidity injection has sparked speculation;

- A mysterious whale is on a buying spree! In the past 5 hours, it added 200 BTC (approximately $22.72 million), having bought 1,721 BTC from FalconX in a month, spending nearly $196 million, the intentions of this major player are evident!

Soaring prices, liquidations, and massive capital inflows are happening simultaneously; who is orchestrating these moves in the crypto market? $ETH $BTC $BNB