Analyst Warns of $331M Liquidations as ETH Hits $4K Amid Controversial Rally

Reported 2 days ago

Ether's recent surge to nearly $3,755 is stirring strong debates as analysts cite increasing short positions and capital shifts driving the rally. With a potential $331 million in liquidations looming at the $4,000 mark, many believe this could accelerate upward momentum in prices. Notable traders are observing a significant decline in Bitcoin dominance and a shift towards ETH, which is increasingly seen as a safer option compared to other altcoins, indicating a potential market transformation.

Source: YAHOO

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