Key takeout
- With ETH exceeding 10%, the Ethereum whales faced a $106 million liquidation.
- The decline in Ethereum was part of a wider crypto market slump, affecting BTC, XRP, BNB and more.
The Whales settled a ton of Ethereum (67,570 units worth about $106 million) with the manufacturer, as they reported on Sunday evening, over 10% and ETH exceeded $1,800 and exceeded about $1,500.
The crypto market faces new sales pressure afterwards Showing resilience Friday amid declining US stock markets. Bearish sentiment supported by President Trump’s aggressive tariffs has knocked Bitcoin down to under $78,000. According to Co Ringecko.
The decline in the crypto market has expanded beyond Bitcoin and Ethereum, with the total crypto market capitalization falling by about 8% to $2.6 trillion.
Over the past 24 hours, XRP has dropped 10% below $1.9, while BNB has fallen 5% to $562. Solana, Dogecoin, and Cardano each dropped by around 11%. Tron showed relatively low losses at 2%.
As a result of the recent decline, the ETH/BTC trading pair reached 0.021 on April 6th, marking its lowest level since March 2020.
In another report, LookonChain revealed that another investor has paniced 14,014 ETH worth around $22 million tonight.
Despite current market turbulence, some whales are seeing opportunities and dips to accumulate more ETH.
Whale, widely known as “seven brothers,” recently acquired 24,817 for around $42 million. LookOnChain The reported reports pushed total holdings to ETH of over 1.2 million, but are now valued at around $1.9 billion.
Since February 3, the investor has spent about $230 million to buy 103,543 ETH, and is currently facing a loss of $64 million on accumulated coins.
Intotheblock reported whales earlier this week 130,000 ETH accumulated Thursday, the second-largest Crypto Asset fell below $1,800 in an announcement after the first trading session.
