According to data provided by CoinGlass, a total of $100.6 million worth of Ethereum (ETH) shorts have been liquidated over the past 24 hours.
Earlier this Sunday, ETH reached a new year-to-date peak of $3,825 on the Coinbase exchange. The altcoin has now managed to top the $3,800 level for the first time since December 2024.
The most popular altcoin has soared by more than 50% within just two weeks. It has now become bigger than Costco, Johnson & Johnson, and Palantir following such an impressive rally.
The ETH/BTC pair has now reached 0.031 BTC, the highest level since January.
However, it is worth noting that ETH is still 23.2% from reclaiming its current all-time high of $4,878 that was achieved more than three years ago.
Ethereum's recent rally is not entirely surprising. As reported by U.Today, the number of holders of the flagship altcoin was recently hitting new peaks, which was obviously a very bullish signal.
According to data provided by Onchain Lens, a newly created wallet recently withdrew 4,200 ETH (roughly $16 million) and sent it for staking.
Earlier this Sunday, a whale also spent a total of 50 million USDT in order to buy nearly 13,500 ETH tokens, according to Lookonchain.
Ethereum's gains are undoubtedly impressive, but one O.G. "Ethereum killer" is suddenly seeing some love from investors and traders after disappearing from the radar.
Tezos (XTZ) is now on the cusp of re-entering the top 100 coins after soaring by 73% over the past seven days alone.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。