Ethereum $ETH just smashed through $4,000, leaving high-leverage short traders in ruins—one took a $15.8M hit on 25× leverage and is still $3.3M in the red.
A massive short squeeze is underway, with $76M in $ETH shorts liquidated in the past 24 hours. Analysts warn a clean break above $4K could unleash another $331M in liquidations.
Institutions are piling in too—$ETH
ETH
3,320.81
+6.75%
ETFs have pulled in $9.5B so far, with a single-day record of $727M. On-chain data points to $4,900 as the next big target, echoing past setups where ETH doubled in price.
Bottom line: Shorts are burning, big money is buying, and momentum’s strong—but if $4K doesn’t hold, expect a sharp pullback.
