Ethereum price has surged around 6.44% in the last 24 hours and has reached $3,836, and on August 06, 2025, an addition of 2.01% was recorded in its price.
In the past 24 hours, the liquidation in ETH has reached $131.67 million, with only $15.12 million in long and $116.54 million in short.
Source: CoinGlass
In the past 12 hours, the liquidation recorded was $102.74 million, with $4.98 million in long and short has nearing $100 million, reaching $97.76 million. In the same frame, the largest single liquidation order happened on HTX ETH-USDT value $34.28 million.
Source: CoinGlass
Yet in the last 24 hours, 90,805 traders were liquidated, and the total liquidation has crossed $250 million, reaching $268.34 million.
As per market experts, the growing liquidation in Ethereum short with continued bullishness in prices indicates a strong bullish momentum, which is further expected to boost its prices.
Some of the experts also believe the ongoing bullishness in the wider crypto market today in the second quarter seems to be fueled by the news of Donald Trump signing executive orders allowing 401(k) investment in crypto and other alternative assets.
Now, traders are flipping short with losses into long positions
As per a X posted from Lookonchain dated August 07, 2025, a whale ‘0xd85d’ has flipped bearish after closing long positions on Ether and Solana, the trader closed longs bearing a loss of $5.33 million and further opened new short positions on 10,491 ETH and 100,000 Solana.
Whale 0xd85d flips bearish after closing long positions on $ETH and $SOL at a loss!5 hours ago, he closed his longs—taking a $5.33M loss on $ETH and $3.72M loss on $SOL —then opened new short positions:• 10,491 $ETH ($38.7M)• 100,000 $SOL ($16.86M)https://t.co/M7WlPZaNSi pic.twitter.com/r3ADb2AZkJ
— Lookonchain (@lookonchain) August 7, 2025
Also, it has been reported that AguilaTrades has most recently deposited 4.6 million USDC in Hyperliquid and further opened 40X long on BTC and 25X long on ETH.
AguilaTrades(@AguilaTrades) is back again—he just deposited 4.6M $USDC into #Hyperliquid to open new 40x long on $BTC and 25x long on $ETH.He's already down $40M before!https://t.co/LeSb2QO0PX pic.twitter.com/ac8fqysEY9
— Lookonchain (@lookonchain) August 7, 2025
HyperDash official account posted in the latest X post that ‘0xcb’ is starting to get partially liquidated on his 9-figure ETH short position, full liq just 20$ above.
0xcb… is starting to get partially liquidated on his 9fig ETH short position, full liq just 20$ abovehttps://t.co/SIu5Zr3nRU pic.twitter.com/28PaJANyv3
— HyperDash (@hypurrdash) August 7, 2025
According to data from CoinMarketCap, the market capitalization of ETH has also grown by 6.85% in the past 24 hours, reaching $462.83 billion. In the same frame, trading volume surged nearly 15%, reaching $33.38 billion.
Over the past few hours, Ethereum has constantly tried to approach the mark of $4,000, and intraday it has hit a high of $3,852 and traded lowest at $3,578.
Yet in the 30-day time frame, ETH has traded highest at $3,940.65 and lowest at $2,591.
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