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December 11, 2024

Ethereum Faces $234M in Liquidations as Price Dips Below $4,000

Ethereum’s price has recently seen a decline, retreating from the previous $4,000 mark to $3,621. This drop was influenced by increased retail selling pressure on platforms like Binance. Notably, this maneuver resulted in approximately $234.72 million in liquidations and a staggering $40 billion reduction in Ethereum’s overall market cap. Despite these challenges, institutional demand for ETF remains strong. Traders and investors must navigate through these fluctuations while keeping an eye on institutional market behavior and potential recovery strategies.

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