$476 Million Liquidated in Past 24 Hours as ETH Price Continues to Rise

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The crypto market experienced significant liquidations, totaling around $476.38 million, or about ₱27.07 billion, in the past 24 hours amid the Ethereum rally.

$ETH led the liquidations, recording $262.26 million.
$BTC, on the other hand, only recorded a $32.78 million liquidation in the past 24 hours.
Among meme-coins, $DOGE led with $19.12 million in liquidations, followed by $FARTCOIN at $12.17 million, and $TRUMP at $3.92 million.
Altcoins also experienced significant liquidations, with $SOL topping the list at $25.50 million, followed by $XRP with $10.05 million and $ENA with $6.85 million.

Liquidation Breakdown in the Last 24 Hrs

Photo for the Article - $476 Million Liquidated in Past 24 Hours as ETH Price Continues to Rise

Total Traders Affected: 111,434
Largest Single Liquidation: $9.82 million $DOGE-$USDT trade on crypto exchange Binance
Long Positions: $131.91 million in liquidations
Short Positions: $344.22 million in liquidations

Exchanges’ Impact

Binance: $146.91 million (58.84% short positions)
Bybit: $145.70 million (77.7% short positions)
Gate.io: $64.19 million (84.81% short positions)
OKX: $55.79 million (75.36% short positions)
HTX: $50.78million (88.17% short positions)
CoinEx: $4.36 million (74.57% short positions)
Bitfinex: $481,220 (64.12% short positions)
Bitmex: $238,180 (57.98% short positions)

ETH Rally

Ethereum’s rally continues as major crypto investment firm BitMine Immersion Technologies plans significant stock sales to fund Ethereum purchases.

Ethereum (ETH) rose 3% in Tuesday trading, reaching $4,581.52 as of 1:15 p.m. ET, while Bitcoin slipped 0.4% over the same period. The surge follows BitMine’s announcement that it will issue an additional $20 billion in stock, bringing the total planned share offerings to about $24.5 billion. Proceeds from these sales are earmarked to buy more Ethereum tokens.

BitMine, which recently appointed Fundstrat’s Tom Lee as chairman, detailed these plans in a filing with the Securities and Exchange Commission (SEC). This move signals growing institutional interest in Ethereum, fueling the token’s upward momentum.

Ethereum has gained roughly 26% year to date, rebounding from a valuation decline earlier in 2025. The cryptocurrency’s rally has been supported by increasing government and institutional backing, including the recent passage of the GENIUS Act, which regulates stablecoins—many of which operate on Ethereum’s network. This legislative support is expected to drive further demand for Ethereum tokens.

ETH Current Value

Currently, ETh is valued at $4,578.20 (₱260,834) and has increased by 6.8% in the last 24 hours.

Earlier today, Ethereum briefly climbed up the $4,600 mark. The cryptocurrency last reached its all-time high on Nov 10, 2021 at $4,878.26.

ETH Price Prediction

In a report, Ethereum’s climb above $4,000 for the first time since December has led analysts to project a potential rally toward $7,000.

Up 190% year-to-date and trading only 12% below its record high, the cryptocurrency broke out of a multi-year pattern last week.

Record $1 billion daily ETF inflows, a 127% jump in corporate holdings, and futures open interest near historic highs are fueling the bullish outlook. Analysts say that if momentum holds, ETH could climb another 62% to reach $7,000.

On the other hand, Kraken’s price prediction model assumes 5% annual growth forecasts Ethereum (ETH) reaching $4,803 in 2026, $5,839 in 2030, and $9,511 by 2040.

From its current level of $4,575, the model suggests a 27.63% increase over five years, with Ethereum climbing steadily each year. By 2035, ETH is projected at $7,452, with further growth taking it past $9,500 over the next five years.

The tool calculates these figures based on consistent annual growth and does not account for market volatility, historical performance, or external factors that could influence actual prices.