ETH price approaches $4000, $1 billion short positions may be liquidated.

robot
Abstract generation in progress

[Block Rhythm] On July 19, a certain analysis agency stated in its latest analysis released on Friday that ETH/USD will soon reach 4000 USD. Ethereum is currently brewing a rare short positions squeeze in crypto history. If the price rises another 10%, short positions worth 1 billion USD will be liquidated.

The liquidation of short positions may drive the price of ETH back up to 4000 USD. The current price of Ethereum is 3553 USD, and its recent price trend has been described as "making history," with the rise of ETH triggering a record short squeeze.

The analysis agency stated that as the largest altcoin by market cap, Ethereum is "punishing" short positions at an extremely rare speed.

ETH0.63%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
GateUser-aa7df71evip
· 07-21 18:07
4000 is not a dream, being bearish is just looking for death.
View OriginalReply0
ser_we_are_ngmivip
· 07-20 01:32
Bearish traders are really gone this time.
View OriginalReply0
LiquidityOraclevip
· 07-19 12:28
Preparing to kill the empty~
View OriginalReply0
OvertimeSquidvip
· 07-19 12:27
Short positions are going to be left with nothing.
View OriginalReply0
RebaseVictimvip
· 07-19 12:26
It has been liquidated three times, always standing in the wrong direction in the crypto world.
View OriginalReply0
HashRatePhilosophervip
· 07-19 12:20
Short-term trading? I'm out, I'm out.
View OriginalReply0
DegenGamblervip
· 07-19 12:17
All in, brothers!
View OriginalReply0
StableGeniusvip
· 07-19 12:17
as predicted... the shorts never learn their lesson smh
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)