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The approach of the Ethereum price to the level of 4400 USD may lead to short liquidations estimated at 1.24 billion USD on major centralized exchanges. This move comes after a steady increase driven by institutional transactions, with purchases of 4.17 billion USD recently accumulated.
The main players in the market, including institutional investors and corporate wallets, had a significant impact on the rise in the price of Ethereum. The increase to $4,300, mainly driven by strong institutional demand, represents a notable shift in the market. According to AInvest, "The price of Ethereum surpassed $4,300... driven by institutional purchases of $4.17 billion and ETF inflows of $461 million."
GT-3.61%
BTC-2.87%
XRP-0.97%
ETH-4.36%
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MahnoorZamavip
· 08-11 05:04
m mv lg lg bl kv gi lv oh i
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