🚨🚀💵#ETH Bursting Past US$4,000 Due to New Buying Momentum
A surge in new demand for ETH has driven its price up 18% in the last week. Strong buying momentum and improved market sentiment resulted in a move above the price level of US$4,000 yesterday, triggering liquidations among short sellers.
Data from Coinglass reveals that short liquidations reached a total of US$184 million in the last 24 hours, while long liquidations remained relatively small at around US$24 million.
This highlights the intensity of the short squeeze as traders rushed to close their positions amid the rally.