Recent sharp price increase of Ethereum (ETH) has had a significant impact on the cryptocurrency market, marking a 50% rise in 30 days and nearly $500 million in losses for bears.
Bears' Losses and Liquidations
In the last week, Ethereum bears lost nearly $500 million due to short positions liquidations. According to CoinGlass data, the last three sessions were particularly hard for those betting against the price. Ethereum price surged above $4,000 for the first time in 2025, maintaining an upward trend. In these three sessions, bears saw losses exceed $355 million.
ETF Market Influence on Ethereum
Ethereum spot ETFs in the U.S. also recorded a significant influx of capital. $462 million was injected into these funds yesterday, bringing the total assets under management (AUM) to over $23.3 billion. This figure has more than doubled in just one month, with Fidelity and BlackRock funds accounting for 82.6% of this influx.
Comparison of Ethereum and Bitcoin
With growing optimism in the Ethereum community, more experts assert that ETH is beginning to outperform Bitcoin (BTC) over large time frames. Ethereum ecosystem veteran Brantly Millegan noted that ETH/BTC is now surging on seven out of eight TradingView time intervals. According to him, ETH/BTC reached its lowest levels in over five years last April, marking a time of disbelief among the Ethereum audience.
The rise of Ethereum and the sharp losses for bears amid increasing interest in spot ETFs indicate significant changes in the cryptocurrency market. This evolving situation may alter the dynamics between Ethereum and Bitcoin.
