ETH, ADA, DOGE News: Explosive Ether, Dogecoin Moves Spur $800M in Short Liquidations

ETH, ADA, DOGE News: Explosive Ether, Dogecoin Moves Spur $800M in Short Liquidations

Bears are nursing their highest losses over two years as majors surged as much as 20%.

ETH and Bitcoin’s price surge wipes out nearly $900 million in crypto shorts as momentum builds – MAXBIT

Bitcon and ETH propelled crypto markets to almost $3.4 trillion for the first time since February after macro news and Pectra’s upgrade fueled optimism. Source link

ETH liquidates over $430M short positions after the biggest daily rally since 2021

Ethereum (ETH) broke out ahead of the entire crypto market, after months of sideways trading under $2,000. The current ETH rally led to over $430M in liquidations for the past 24 hours.  Ethereum (ETH) showed its ability to rally, adding over 20% in a single day. ETH recovered to $2,445.37, gaining to 0.023 BTC. The strong daily price move, however, directly attacked short positions. ETH recovered as BTC traded at $103,419.00, boosting all other…

How far can DOGE price rally go as short liquidations surge?

Dogecoin (DOGE) price edges higher after stepping above $0.20 and climbing to trade around $0.21 at the time of writing on Friday.

Quick Take: Crypto Liquidations Top $970M as Short Sellers Suffer Massive Losses

Short sellers took a brutal hit with $836 million in liquidations, as bullish momentum swept across the crypto markets.