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Ethereum (ETH) Bull Run Heats Up as $6B Shorts Face Liquidation


Ethereum (ETH) Bull Run Heats Up as $6B Shorts Face Liquidation

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TL;DR

  • Ethereum tracks rising global liquidity, with analysts warning a breakout could send ETH toward $7,000.
  • Over $6 billion in shorts risk liquidation at $4,900, raising chances of a sharp squeeze.
  • BitMine treasury and ETF inflows boost demand, with $2.8B entering spot ETH funds in August.

Liquidity and Macro Drivers

Ethereum is holding firm above $4,550 as macro conditions improve and liquidity expands. Analyst Merlijn The Trader noted that Ethereum is tracking global M2 liquidity, showing a close relationship between monetary supply and price action.

Read the article at CryptoPotato

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