Tariff Fallout Slaps Ether Bulls With Looming $100M Liquidation
ETH whales have been diligent in topping up wallets, but a flash crash could rile the market.
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ETH whales have been diligent in topping up wallets, but a flash crash could rile the market.
7 Siblings whale purchased over $42 million worth of Ethereum in the last 12 hours. Whales are leveraging the market dip and accumulating Ethereum in unprecedented ways.
Over the past 24 hours, $XRP has taken a tremendous hit. It has dropped by over 22% from its $2.14 high to its current $1.65 level.
Ethereum, Solana, and other major altcoins took a beating on Monday as the entire crypto market dropped more than 13%, following a big selloff in Asian markets, leading to more than $1 billion in liquidations.
An unidentified cryptocurrency whale injected millions of dollars in emergency capital to avoid a potential liquidation of more than $300 million in Ether as markets slumped amid renewed macroeconomic pressure.The whale is reportedly close to liquidation on a 220,000 Ether (ETH) position on MakerDAO, a decentralized finance (DeFi) lending platform. To stave off liquidation, the investor deposited 10,000 ETH — worth more than $14.5 million — and 3.54 million Dai (DAI) to raise the position's liquidation price, blockchain analytics firm Lookonchain said in an April 7 post on X.
The crypto market is in a state of chaos as Ethereum takes a major hit. In the past 24 hours, ETH has dropped over 14%, currently trading around $1,547. This steep decline comes amid broader market turbulence triggered by U.S. tariff measures and other economic uncertainties.
Assessing altcoins' next move amid renewed Trump tariff fears and macro uncertainty.
Ethereum (ETH) faced more price pressure from a series of liquidations and panic sales. At the same time, long-term holders are still buying ETH to lower their average price, with the Seven Siblings wallet buying at around $1,700.
Ethereum price crashed 14% below $1,600, triggering a $106 million whale liquidation as the broader crypto market lost $160 billion.
The European market opened Monday, April 7, with a similar bearish trend as the Asian market. With a similar choppy trend expected later today after the New York stock exchanges open, the crypto market has fallen in line with a 12 percent decline in its total valuation to about $2.
ETH has dropped 16% today, now trading at near $1,500, a level last seen in January 2018, sparking debate around its “ultrasound money” status.
The amount of Ethereum available on exchanges has just dropped to its lowest level since 2016. A strong signal, as on-chain movements trigger growing interest among analysts looking for leading indicators.
The ‘Black Monday' stock market crash has adversely impacted the crypto markets; while the Bitcoin price plunged below $75,000, Ethereum lost $1500 after holding for more than 24 months. The panicked investors trigger a massive sell-off while the big whales have begun to liquidate massive amounts of ETH.
Since the start of April 5, the cryptocurrency market has dropped by approximately 11.32%. During the weekend alone, the market slipped by over 7.16%. In the last 24 hours, almost all the top cryptos have seen serious declines. Bitcoin has plummeted by over 9.5%, Ethereum by 17.3%, XRP by 20.5%, BNB by 9.
Ethereum price has broken below a key support level, with substantial drops in its DeFi and ETF performance underlining a weak standing.
Ethereum (ETH), the flagship altcoin, has now plunged to its lowest level against Bitcoin (BTC) since February 2020.
After hinting at possible stability last week, the wider crypto market – led by Bitcoin (BTC) – will be on the defensive side in the coming days. In the past 24 hours, the crypto market recorded heavy losses, with total forced liquidations of $1 billion, whereby the majority were long traders.
An Ether investor who had a large position on decentralized finance (DeFi) lending platform Sky has been liquidated to the tune of more than $100 million as the price of Ether crashed. The Ether (ETH) whale lost 67,570 ETH worth around $106 million when the asset crashed by around 14% on April 6, liquidating his collateralized debt position on Sky, according to Maker Vaults explorer DeFi Explore, and as observed by Lookonchain.
An Ether investor who had a large position on decentralized finance (DeFi) lending platform Sky has been liquidated to the tune of more than $100 million as the price of Ether crashed. The Ether (ETH) whale lost 67,570 ETH worth around $106 million when the asset crashed by around 14% on April 6, liquidating his collateralized debt position on Sky, according to Maker Vaults explorer DeFi Explore, and as observed by Lookonchain.
Ethereum (ETH), along with Bitcoin and other altcoins, has been caught in the recent wave of market pressure, plunging below the critical $1,600 mark after a sharp 15% dip. This sudden downturn has triggered panic among investors, driven largely by renewed macroeconomic concerns.
Ethereum price has hit $1,5000 as Crypto market crash steepens, shedding $410 billion in the past two weeks. The sell-off is not localized to cryptocurrencies but also across the global stock markets, triggering cricuit breakers in Taiwan, Japan, Australia, Russel Futures and even in Singapore.
The Ethereum network has reached a historic milestone with 200,000 addresses holding stablecoins. This record adoption stands as the backbone of a more mature digital economy, potentially reshuffling the cards for this altcoin whose price is struggling to take off.
Traders are scrambling to figure out if the sudden bitcoin price correction could escalate into a full-blown market crash
Ethereum struggles as confidence wanes, shedding value amidst volatility, weaker demand, and declining exchange reserves.