Ether rose 8.52% in 24 hours, briefly moving above $2,300 on Binance before trading around $2,265. Bitcoin also gained 1.08% to $69,367.47. The rally drove $802.98 million in crypto-market liquidations over four hours, including $736.53 million in short positions, or about 92% of the total, while long liquidations reached $66.45 million. Forced closures of bearish bets can generate buy orders and create a short squeeze, potentially adding to price gains in the near term. Wu Blockchain reported the move on August 19. The item lists Suehyeon Lee and credits the photo to Wu Blockchain.