Ethereum’s Explosive Move & Liquidation Frenzy
Ethereum surged past $4,800, triggering nearly $388 million in liquidations in just 24 hours—making it the hardest-hit crypto asset over that period. Powell’s dovish hints at rate cuts fueled the rally and forced huge leveraged unwinds. This showcases both the power—and peril—of ETH's volatility. $ETH
Institutional Inflow Powers the Rally
Strong institutional demand is backing Ethereum's surge: spot ETH ETFs pulled in an impressive $2.86 billion in inflows, far ahead of Bitcoin's $552 million, and boosting ETH's dominance as BTC’s share dipped below 60%. If tokenization and stablecoin integration continue, hitting $10,000 ETH might be on the radar. $SOL
Liquidation Mayhem Leaves Traders Reeling
The broader crypto market wasn't spared—total liquidations soared to $769 million, affecting over 183,000 traders. One massive $10 million ETH swap on OKX highlights the high-stakes exposure traders faced in this volatile wave. $ADA
Quick Insight: Bullish But Beware the Whip-Lash
The rally is driven by real capital and bullish momentum—but volatility remains high. If you're trading on Binance, consider a balanced approach: ride the momentum, but protect your downside.
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