While more than 90% of Ether holders are in profit, data shows traders remain cautious about the asset hitting $4,000.
More than 90% of Ether holders are now in profit as the cryptocurrency’s price has increased 5.7% over the last seven days, but traders are seemingly uncertain about ETH rising above the $4,000 level, as they mount up on short bets.
CoinGlass data shows much as $1.43 billion of short positions could be liquidated if Ether (ETH) reaches $4,000.
It comes as a recent X post from IntoTheBlock said that “90.8% of ETH holders are now in profit, the highest since June.”
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