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$100 Million Worth of ETH Shorts Obliterated as Top Altcoin Approaches $4,000

2025-07-20 18:40:13

ETH3.11%

According to data provided by CoinGlass, a total of $100.6 million worth of Ethereum (ETH) shorts have been liquidated over the past 24 hours.

Earlier this Sunday, ETH reached a new year-to-date peak of $3,825 on the Coinbase exchange. The altcoin has now managed to top the $3,800 level for the first time since December 2024

The most popular altcoin has soared by more than 50% within just two weeks

The ETH/BTC pair has now reached 0.031 BTC, the highest level since January

However, it is worth noting that ETH is still 23.2% from reclaiming its current all-time high of $4,878 that was achieved more than three years ago

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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