Ethereum Classic’s Surge: Macro-Driven Rally or Speculative Flow?
Ethereum Classic (ETC) appears to have moved mainly as part of a broad, macro-driven crypto rally rather than on any ETC-specific news.
Macro-Driven Crypto Rally
The clearest catalysts in the last 13-hour window are macro and market-wide, not ETC specific.
- Bitcoin surged in the last 48 hours, pushing above $75,000 to nearly $80,000, its best week in years. This move is widely attributed to:
- Articles and data show a very large short squeeze across the whole crypto complex. Multiple reports cite more than 1 billion dollars of crypto shorts liquidated in 24 hours and over 3 to 4 billion dollars over two days, mostly in Bitcoin and Ether, which tends to spill over into…
