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Thomas Lee: Based on the ETH/BTC exchange rate during the 2021 peak, ETH could rise to $16,000

By: theblockbeats.news|2025/08/07 02:42:04

BlockBeats News, August 7th, according to Cointelegraph, BitMine (BMNR) Chairman of the Board Thomas Lee stated that based on the 2021 high ETH/BTC ratio, the price of ETH could potentially reach $16,000.

A whale liquidated a long position, incurring a loss of over $9 million, and opened a short position worth approximately $55 million.

If Ethereum breaks above $3800, the mainstream CEX cumulative short liquidation force will reach $9.08 billion