A significant shakeout occurred in the Ethereum market, with an estimated $388 million in short positions being liquidated within the past 24 hours. This event underscores the volatile nature of leveraged trading and its impact across various cryptocurrencies. While the precise trigger remains unclear, increased market volatility likely played a role. 📈 Analysts suggest this is not an isolated incident but rather reflects broader shifts in investor sentiment. 🧠Despite recent market turbulence, institutional investors are showing confidence in Ethereum by buying substantial amounts of ETFs, indicating potential for future growth despite short position liquidation.