The post SharpLink’s $85M ETH Buy, $5B Ethereum Treasury Shake Crypto Market appeared on BitcoinEthereumNews.com.

In 4 hours, SharpLink purchases 21,959 ETH at a price of $85.46M.
$25M in ETH shorts liquidated as price breaks $4,000.
Ethereum shot up above the 4,000 mark, and SharpLink Gaming triggered a buying wave. In only four hours, SharpLink bought almost 22,000 ETH at a price of 85.46 million dollars, increasing its total assets to a very impressive 543,898 ETH ($2.12 billion), as per the announcement of lookonchain on X (formerly Twitter). Source- X lookonchain   The current market value of Ethereum stands at $3,961.75, which is an increase of 3.39 percent in the past 24 hours, indicating good bullish momentum. Source – CMC $4,000 ETH Breakout Sparks Massive Liquidations Source –X The recent move above the 4000 overhead resistance initiated liquidation of 25 million dollars in shorts. This sudden surge surprised most bears who had bet against ETH, causing large amounts of forced selling and even accelerating the positive price action.  The rally indicates a lot of demand and bullishness in the Ethereum market as it probes key technical levels. $6,400 Target Beckons If ETH Clears $4,000 Source – X Analysts tracking Ethereum price movements have claimed that a price of $6,400 may be a necessary destination in case ETH continues to trade above $4,000.  The projection is a sign that there is a high degree of optimism in the medium-term prospects of Ethereum, which has strong fundamentals and growing institutional demand. Fundamental Global’s Ambitious $5 Billion Ethereum Treasury Source – X On top of the bullish mood, Fundamental Global Inc., a Nasdaq-listed Company, submitted an offering of up to 5 billion to the SEC that is mainly supposed to purchase Ethereum.  The shift is the first major institutional shift into digital assets, with Fundamental Global considering selling shares in phases to finance their Ethereum treasury…

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Filed under: News - @ August 9, 2025 1:23 am