While more than 90% of Ether holders are in profit, data shows traders remain cautious about the asset hitting $4,000 anytime soon.
More than 90% of Ether holders are now in profit as the cryptocurrency rose 5.7% over the last seven days, but traders are seemingly uncertain about whether ETH can break back above the critical $4,000 level, with traders mounting up on short bets.
CoinGlass data shows much as $1.43 billion of short positions could be liquidated if Ether reaches $4,000.
It comes as recent data from IntoTheBlock shows that โ90.8% of ETH holders are now in profit, the highest since June.โ
