Main to remember: Ethereum whales discharged $1.8 billion causing liquidity concerns. Shorts lost $23 million in liquidations. The market faced pressure as whales sold over 430,000 ETH, worth $1.8 billion in two weeks. This drop lowered whale balances, sparking worries about market resilience. Small holders remained active, providing a buffer against significant drops. The balance between whales and retail investors is now crucial.
Why was trading activity heated? The Ethereum market saw increased activity, with larger trades on exchanges. This indicated heightened interest but also raised volatility risks. Increased volume often signals intense battles between buyers and sellers, amplifying short-term fluctuations. Such activity can enhance liquidity and soften sudden shocks. The key question is whether this reflects whale accumulation or distribution.
Persistent dominance of sales: The Cumulative Volume Delta Spot Taker showed clear sales control in Ethereum flows over 90 days. Aggressive sellers outweigh demand, increasing downward pressure from whale sell-offs. While bears currently control momentum, the focus is on whether buyers can absorb pressure and regain market control in the short term.
Risk in the Ethereum leveraged environment: Liquidation data revealed the vulnerability of leveraged positions in Ethereum markets. Shorts faced $23 million in liquidations compared to $2.
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