According Data from Coinglass, more than $300 million in short positions were liquidated due to the mini-rally in these assets.
In the past 24 hours, Ethereum has liquidated $210 million in short positions against it, while Bitcoin has liquidated $71 million.
Ethereum has been on a green track since developers revealed that its highly anticipated merger is set to take place on September 19.
The price of Ethereum has increased by more than 25% in the past seven days.
glass knot Data showed that the number of addresses holding more than 32 ETH hit a 16-month high.
The previous 15-month high of 45,069 was seen on July 13, 2022
— glassnode alerts (@glassnodealerts) July 18, 2022
The number of wallets holding at least 100 ETH also resurrected to a 15-month high of 45,081, Glassnode said.
The Lido has increased by more than 170% in 7 days
Lido DAO Token (YES) has grown over 170% in the past seven days as interest in the coin grows following the Ethereum meltdown timeline.
In the last 24 hours, the value of LDO has fallen by 3%. But that didn’t stop it from trading at its 30-day high of $1.82.
LDO’s trading volume has increased by more than 21% in the past 24 hours.
The coin’s trading chart showed that its Relative Strength Index (RSI) is above 70, meaning it is currently overbought, indicating that it might be ready for a short-term pullback.
At press time, the USD value of Ethereum via Lido is over $6 billion.
📰 Summary 📰
– Positive growth in liquid staking across all networks.
– ETH staking with Lido remains below the industry average due to the stETH market discount.
– The Lido ecosystem continues to grow despite the tumultuous times of DeFi.
—Lido (@LidoFinance) July 15, 2022