Ethereum (ETH) Price Breaks IDR 76 Million, Short Liquidation Reaches Trillions of Rupiah?

Jakarta, Pintu News – The price of the cryptocurrency Ethereum (ETH) broke another record by reaching IDR 73,186,512 (equivalent to $4,502) on Tuesday afternoon, marking the highest level since 2021.

This increase puts ETH as the best performing crypto asset of the past week, up 26% in seven days and over 50% in a month.

This performance far surpasses Bitcoin (BTC), which only recorded an increase of around 6% in a week and has been almost stagnant in the past month.

This puts a lot of pressure on traders betting against a fall in the price of ETH, otherwise known as short positions.

Big Liquidation Wave Amid Price Spikes

This surge in the price of Ethereum led to a huge wave of liquidation of short positions, totaling more than Rp1.6 trillion ($104 million) in the last 24 hours.

According to data from CoinGlass, Ethereum leads the entire crypto market in terms of liquidations, totaling more than IDR 2.5 trillion ($154 million) out of a total IDR 6.5 trillion ($403 million) in liquidations across digital assets. This shows that many traders did not anticipate the strength of the current ETH price rally. The market sentiment took a drastic turn, and the bearish strategy backfired on speculators.

This shows the high risk involved in trading crypto derivatives, especially during times of high volatility. Analysts cite increased institutional buying and strong fund flows into ETH investment products as the main factors behind the price spike.

In addition, buying pressure from retail investors helped push the price up quickly. This massive liquidation could fuel further rallies as previously opened short positions will have to be covered with additional ETH purchases.

Ethereum ETF becomes a strong catalyst for price surge

As reported by Decrypt, one of the main drivers of ETH’s price rise has been the large inflow of funds into Ethereum-based exchange-traded fund (ETF) products. Since the beginning of July, there have only been three days with net outflows from ETH ETF products, signaling a very strong buying trend.

On Monday, a daily inflow record was set, with more than IDR 16.2 trillion ($1 billion) of funds pouring into ETH ETFs. Flagship products such as BlackRock’s iShares Ethereum Trust ETF (ETHA) accounted for nearly 63% of the total, equaling the previous inflow record.

In comparison, the Bitcoin ETF only recorded inflows of around IDR2.7 trillion ($170 million) on the same day, demonstrating a shift in institutional investor interest to Ethereum. Throughout the past month, the ETH ETF has consistently outperformed the BTC ETF in terms of performance and market interest.

Publicly Traded Companies Seek Ethereum as a Treasury Asset

Beyond ETFs, Ethereum is also being hunted by publicly traded companies that are making it part of their treasury strategy. Two of the most aggressive companies in this regard are SharpLink Gaming and BitMine Immersion Technologies, which now hold the largest ETH reserves worth almost Rp130 trillion ($8 billion).

BitMine even ramped up its fundraising efforts to more than IDR325 trillion ($20 billion) on Tuesday to enlarge its ETH holdings. This makes ETH a core asset on the balance sheets of these companies.

SharpLink also moved quickly, announcing a direct offering worth IDR 6.5 trillion ($400 million) and having raised IDR 14.6 trillion ($900 million) in a week. The combination of treasury accumulation by public companies and high ETF inflows led to around 8% of the total ETH supply being absorbed in just a few months.

In comparison, as of last April, no public company had strategic ETH reserves. This change reflects a new trend in cryptocurrency adoption, where Ethereum is becoming a reliable asset for the long term.

That’s the latest information about crypto. Follow us on Google News to get the latest information about the world of crypto and blockchain technology. Check today‘ s bitcoin price, today‘ s solana price, pepe coin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

Decrypt. Ethereum Shorts Rekt as ETH Tops $4,500 for First Time Since 2021. Accessed August 14, 2025.
Featured Image: Generated by Ai

Array