ETH climbed roughly
↗10%
over the past week as a
short squeeze forced bearish traders to cover positions, triggering heavy liquidations.
Mixed signals as price advances
The price gained roughly
↗5.90%
over the past day while more sellers than buyers (1.41x ratio) remained active, and blockchain data showed approximately $25.76M moving to exchanges over the same period.
Bearish positions liquidated heavily
Bearish traders lost approximately $290.77M in liquidations over the past 24 hours, nearly 2.2x more than their bullish counterparts, as the short squeeze pushed prices higher
.
Institutional access expanding
Anchorage Digital's Lido integration
now gives large institutions direct access to staked ETH tokens, expanding options for earning returns on holdings.
Network activity elevated
Daily transactions reached 1.77M with 384,647 active addresses over the past day, while trading activity jumped roughly
↗16.60%
over the past 24 hours.