The Crypto Assets market has recently stirred again, with Ethereum's performance being particularly impressive. On August 9th at 13:07, the price of Ethereum soared by 2.92% in just three minutes, breaking through the important thresholds of $4100 and $4200, reaching a high of $4245.7, setting a new record since December 2021. Over the past four months, Ethereum has accumulated a rise of up to 200%, astonishing market participants.
The recent sharp rise has had a huge impact on short investors. According to Coinglass data, over 100,000 investors worldwide encountered liquidations in the past 24 hours, with a total liquidation amount reaching $369 million. Among them, liquidations related to Ethereum dominated, amounting to $236 million, accounting for 64%. In the Ethereum market, the liquidation ratio for short positions reached 98%, amounting to $112 million, while long position liquidations were only $1.73 million, showing that most short investors underestimated this price movement.
The driving force behind this round of Ethereum price rise cannot be ignored, as institutional funds play a significant role. On August 8th, Eastern Time, the net inflow of Ethereum spot ETFs reached $461 million in a single day. Among them, BlackRock's ETHA attracted $255 million in a single day, while Fidelity's FETH saw an inflow of $132 million. The total net asset value of these ETFs has climbed to $23.384 billion, reflecting strong interest from institutional investors in Ethereum.
In addition to the influx of institutional funds, changes in the market regulatory environment have also contributed to the rise of Ethereum. Adjustments in regulatory policies have injected new vitality into the crypto assets market, further driving price increases.
This round of Ethereum price surge not only demonstrates the high volatility of the Crypto Assets market but also highlights the increasing influence of institutional investors in the market. With the continuous improvement of investment tools such as ETFs and the gradual clarification of the regulatory environment, the Crypto Assets market may attract more traditional financial participants, bringing in more capital inflows and market opportunities. However, investors should also be wary of the high-risk characteristics of the market and maintain a rational and cautious investment attitude.
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The Crypto Assets market has recently stirred again, with Ethereum's performance being particularly impressive. On August 9th at 13:07, the price of Ethereum soared by 2.92% in just three minutes, breaking through the important thresholds of $4100 and $4200, reaching a high of $4245.7, setting a new record since December 2021. Over the past four months, Ethereum has accumulated a rise of up to 200%, astonishing market participants.
The recent sharp rise has had a huge impact on short investors. According to Coinglass data, over 100,000 investors worldwide encountered liquidations in the past 24 hours, with a total liquidation amount reaching $369 million. Among them, liquidations related to Ethereum dominated, amounting to $236 million, accounting for 64%. In the Ethereum market, the liquidation ratio for short positions reached 98%, amounting to $112 million, while long position liquidations were only $1.73 million, showing that most short investors underestimated this price movement.
The driving force behind this round of Ethereum price rise cannot be ignored, as institutional funds play a significant role. On August 8th, Eastern Time, the net inflow of Ethereum spot ETFs reached $461 million in a single day. Among them, BlackRock's ETHA attracted $255 million in a single day, while Fidelity's FETH saw an inflow of $132 million. The total net asset value of these ETFs has climbed to $23.384 billion, reflecting strong interest from institutional investors in Ethereum.
In addition to the influx of institutional funds, changes in the market regulatory environment have also contributed to the rise of Ethereum. Adjustments in regulatory policies have injected new vitality into the crypto assets market, further driving price increases.
This round of Ethereum price surge not only demonstrates the high volatility of the Crypto Assets market but also highlights the increasing influence of institutional investors in the market. With the continuous improvement of investment tools such as ETFs and the gradual clarification of the regulatory environment, the Crypto Assets market may attract more traditional financial participants, bringing in more capital inflows and market opportunities. However, investors should also be wary of the high-risk characteristics of the market and maintain a rational and cautious investment attitude.