Currently, Ether is experiencing a substantial short squeeze, with forecasts indicating a potential spike to 4,000 USD soon. A 10% price rise could result in the liquidation of 1 billion USD in short positions, amplifying the ongoing momentum.
While Bitcoin’s market dominance has fallen to 61.4%, the trend suggests a shift in capital towards altcoins for quicker returns. This decrease marks its lowest point since March, indicating a changing landscape within the cryptocurrency market.
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