{"id":463477,"date":"2021-05-10T10:28:02","date_gmt":"2021-05-10T10:28:02","guid":{"rendered":"https:\/\/wncen.com\/?p=463477"},"modified":"2021-05-10T10:34:13","modified_gmt":"2021-05-10T10:34:13","slug":"ethereum-bull-rally-sends-short-liquidations-up-one-year-high","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-bull-rally-sends-short-liquidations-up-one-year-high\/","title":{"rendered":"Ethereum Bull Rally Sends Short Liquidations Up One-Year High"},"content":{"rendered":"

The price of Ethereum (ETH) has risen another 5% today,<\/a> reaching a new all-time high of $4150. At the time of writing, ETH was trading 4.6% higher at $4102, with a market capitalization of $477 billion. A massive amount of short positions have been liquidated across exchanges as Ethereum soars past $4000.<\/p>\n

$15 Million In Short Positions Liquidated<\/h2>\n

Since the beginning of the year, Ethereum has been on an unstoppable rise. ETH has gained more than 450 percent year to date at its current price. Ethereum has gained over 30% in the last week, reaching new all-time highs on a daily basis.<\/p>\n

Over $15 million in ETH short positions is liquidated through derivative exchanges, according to CryptoQuant.<\/p>\n

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$ETH<\/a> hourly short liquidations across all derivative exchanges hit a year high. <\/p>\n

Chart\ud83d\udc49 https:\/\/t.co\/LNDqrWqnbi<\/a><\/p>\n

(Note: This data only includes ETH\/USDT, ETH\/USD perpetual futures contracts.) pic.twitter.com\/dPWyN0TArD<\/a><\/p>\n

— CryptoQuant.com (@cryptoquant_com) May 10, 2021<\/a><\/p><\/blockquote>\n