Ethereum Shorts Rekt as ETH Price Keeps Climbing
2025-07-16 19:42:57
Main Idea
Over $152 million worth of Ethereum short contracts were liquidated as ETH's price surged nearly 9% in 24 hours, driven by increased trading volumes and regulatory developments.
Key Points
1. Ethereum short contracts worth $152 million were liquidated as ETH's price rose nearly 9% to over $3,330.
2. Ethereum trading volumes increased by 15% to $132 billion, surpassing Bitcoin's $109 billion in the same period.
3. Regulatory uncertainty, including the failed Crypto GENIUS Act, has made ETH's price movements more volatile.
4. Ethereum futures volume grew by 27%, with open interest up 6%, indicating fresh positioning without excessive leverage.
5. BitMEX founder Arthur Hayes announced plans to invest in top DeFi projects, calling it 'ETH szn.'
Description
Meanwhile, ETH futures volume has jumped 27% as open interest keeps rising.
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