Here’s What You Need to Know
Ethereum Price: $4,196.19 (+7.76%)
Recently, one trader took a colossal $15.81 million loss on a 25× leveraged short position—and still holds $3.3 million in unrealized losses. But this isn’t just another liquidation tale; there’s a bigger story behind ETH’s latest momentum.
What’s Driving ETH’s Rally?
Short Squeezes and Liquidations Are Heating Up
Data shows $76 million in ETH short liquidations just in the last 24 hours, part of a total $103 million liquidated across the market. Analysts are warning that if ETH breaks above $4,000, it could trigger a whopping $331 million in additional short liquidations.
Institutional Demand and ETF Inflows Are Exploding
ETH futures open interest has hit an all-time high at $58 billion. Meanwhile, the ETH/BTC trading pair just surged above its 200-week moving average. On the spot ETF front, U.S. funds are seeing massive inflows totaling over $9.5 billion, including a single-day spike of $727 million.
On-Chain and Technical Signals Are Bullish
According to Glassnode, ETH could climb as high as $4,900, driven by unrealized profit reserves and soaring open interest. Glassnode’s co-founder points out a recent spike in network growth and liquidity similar to previous market bottoms, which historically preceded a 100% rally for ETH.
Why This Matters
High-leverage shorts are getting wiped out, accelerating the upward momentum.
Institutional capital and ETF inflows are building a solid base beneath ETH, moving beyond mere speculation.
Technical charts and on-chain data are in alignment—ETH is breaking key resistance levels much like earlier bullish setups.
What Traders Should Do
This rally and short squeeze are already underway—position accordingly.
Keep a close eye on the $4,000 mark; a decisive break could send prices significantly higher, but a quick pullback is also possible.
Monitor ETF inflows and open interest trends closely—they reveal where institutional sentiment is heading.
Stay tuned for more updates!
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