Ethereum short liquidations surged after ETH nearly hit its all-time high, wiping out roughly $259 million in short positions and $80 million in expiring longs within 24 hours; the move was driven by a near-15% intraday rally following comments from Federal Reserve Chair Jerome Powell and heavy ETF and treasury flows.
Over $259M in ETH short positions liquidated in 24 hours
ETH briefly rose nearly 15% to about $4,842 before stalling below its $4,878 record.
$340M total ETH liquidations in the day; crypto-wide derivatives liquidations exceeded $668M.
Ethereum short liquidations surged to $259M after ETH nearly hit its all-time high; learn what drove the move and what traders should watch next. Read now
Published: 2025-08-22 | Updated: 2025-08-22 | Author: COINOTAG
What caused the $259 million Ethereum short liquidations?
Ethereum short liquidations accelerated when ETH rallied nearly 15% after a signal from Federal Reserve Chair Jerome Powell that interest-rate cuts may be approaching. Rapid price appreciation squeezed leveraged short positions, triggering automated liquidations tracked by analytics providers such as CoinGlass and pushing daily ETH derivatives losses above $340 million.
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ETH popped to roughly $4,842 after the Fed signal, coming within about 1% of its all-time high of $4,878 reached on November 10, 2021. The intraday spike was amplified by ETF inflows and corporate treasury purchases, which analysts say have a deflationary effect on circulating supply.
Leverage concentrates risk: when ETH surged quickly, margin requirements spiked and liquidation engines closed short positions to cover losses. Data from CoinGlass (reported as plain text) shows $259 million in short liquidations and an additional $80 million in long expirations in the same window, making ETH responsible for more than half of 24-hour crypto liquidations.
Front-loaded catalysts included: Powell’s hint at lower rates, which lifted risk assets; ETH ETF inflows and corporate treasury buys reducing available supply; and ongoing positive regulatory developments that investors perceive as favorable to Ethereum’s ecosystem. Analysts at Amberdata provided commentary on ETH’s ecosystem growth and derivatives behavior (plain text mention).
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Source: https://en.coinotag.com/as-ethereum-nears-record-high-roughly-259m-in-shorts-may-have-been-liquidated/