ETH spikes up 1.18% in the short term: liquidation rebound and short-covering converge, driving a sharp intraday surge
Between 04:30 and 04:45 (UTC) on June 9, 2026, ETH surged rapidly within 15 minutes, with a return of +1.18%. The price ranged from 1664.55 to 1691.42 USDT, with a volatility of 1.61%. This period coincided with a rebound window after large-scale liquidations, during which short-term fluctuations noticeably intensified. The main driver behind this move is the liquidation–rebound cycle effect in the derivatives market. The day before, the crypto market went through large-scale liquidations, with
GateNews·06-09 04:48
