Crypto whale liquidated for $308M in leveraged Ether trade

Quick Summary:

The liquidations came during a period of heightened volatility, as both crypto and traditional markets are limited by global trade war concerns due to the latest retaliatory tariffs from the European Union. Related: Bitcoin reserve backlash signals unrealistic industry expectationsEther risks correction to $1,800 amid tariff fears, ETF outflowsEther’s price has fallen by more than 53% since it began its downtrend on Dec.16, 2024, after it had peaked above $4,100.

Source: Cointelegraph/ TradingView The main reasons behind Ether’s downtrend are the ongoing macroeconomic concerns and lack of builder activity on the Ethereum network, according to Bitfinex analysts.“A lack of new projects or builders moving to ETH, primarily due to high operating fees, is likely the principal reason behind the lackluster performance of ETH.[...] We believe that for ETH, $1,800 will be a strong level to watch,” the analysts told Cointelegraph.

Source: Lookonchain According to onchain intelligence firm Lookonchain, the whale had rotated all of his Bitcoin (BTC) holdings into the leveraged Ether trade before suffering the $306 million liquidation.

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Article Details

Author / Journalist: Cointelegraph by Zoltan Vardai

Category: Crypto

Markets: United States

Topics: Million Ether’s Trading Trade Spot Position Ether Crypto Whale Leveraged Downtrend

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-12 @ 13:57:59 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 393 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 26921186

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