{"id":41974,"date":"2025-08-13T14:01:51","date_gmt":"2025-08-13T14:01:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=41974"},"modified":"2025-08-13T14:01:51","modified_gmt":"2025-08-13T14:01:51","slug":"ethereum-surges-past-4700-250m-in-shorts-obliterated","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=41974","title":{"rendered":"Ethereum Surges Past $4,700 \u2013 $250M in Shorts Obliterated"},"content":{"rendered":"
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It all seems to be going Ethereum\u2019s way for the past few months, as the asset has notched another impressive daily run that has taken it to a new multi-year peak.<\/p>\n

On its way up, ETH has left bears in disbelief as the total value of liquidated shorts has skyrocketed to over $250 million on a 24-hour scale.<\/p>\n

\"ETHUSD.<\/a>
ETHUSD. Source: TradingView<\/figcaption><\/figure>\n

It\u2019s hard to believe that just four months ago \u2013 in April \u2013 the second-largest cryptocurrency struggled to remain above $1,500. It had plunged<\/a> to its yearly lows during the darkest hours of Trump\u2019s trade war against essentially all other countries.<\/p>\n

However, the subsequent recovery has been more than impressive, especially the performance since the beginning of July. At the time, ETH stood below $2,500 but exploded by more than $2,000 in the following month, which culminated (for now) at just over $4,700 hours ago reached earlier today.<\/p>\n

This meant that Ethereum had added almost 250% since its yearly low at roughly $1,400 marked in April. Consequently, today\u2019s pump to $4,720 meant that it had come just 3.3% away from charting a new all-time high ($4,878, according to CoinGecko).<\/p>\n

This massive price surge comes on the heels of substantial inflows<\/a> toward the spot Ethereum ETFs in the US, as well as multiple companies launching ETH treasury strategies and accumulating sizeable portions of the asset.<\/p>\n

Interestingly, though, reports<\/a> keep claiming that retail investors continue to dispose of their assets, while institutions are ramping up their buying efforts.<\/p>\n

It\u2019s worth noting that today\u2019s surge has resulted in tons of liquidations, especially from short traders. Data from CoinGlass shows that more than $250 million worth of shorts have been wiped out in the past 24 hours. And that\u2019s all for Ethereum. The overall liquidations are close to $500 million, meaning that ETH is responsible for more than 50%.<\/p>\n

\"Liquidation<\/a>
Liquidation Heat Map. Source: CoinGlass<\/figcaption><\/figure>\n

The post Ethereum Surges Past $4,700 \u2013 $250M in Shorts Obliterated<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

It all seems to be going Ethereum\u2019s way for the past few months, as the asset has notched another impressive daily run that has taken it to a new multi-year peak. On its way up, ETH has left bears in disbelief as the total value of liquidated shorts has skyrocketed to over $250 million on […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-41974","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41974"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41974\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}