Ethereum Market Sees Massive Liquidations And Strategic Whale Activity
The post Ethereum Market Sees Massive Liquidations And Strategic Whale Activity appeared on BitcoinEthereumNews.com.
In the past 24 hours, the cryptocurrency market has experienced a wave of liquidations, with 361,972 traders losing a total of $1.17 billion. Among the liquidations, one whale suffered a significant blow, losing $15.8 million when Ethereum’s price dropped to $3,432.70. However, this dip created an opportunity for another savvy whale, likely linked to Longling Capital, who took advantage of the price drop to acquire 6,000 ETH. In the past 24 hours, 361,972 traders were liquidated for a total of $1.17B! Among them, a whale was liquidated for $15.8M when $ETH‘s price dropped to $3,432.7.https://t.co/MT0EgNW8ib pic.twitter.com/fmhJf1kMFy — Lookonchain (@lookonchain) December 19, 2024 This skilled whale has been adept at buying Ethereum at lower prices and selling during rallies, with a total profit of $83 million. Since May 8, 2023, the whale has accumulated 75,400 ETH, valued at $180.4 million, at an average price of $2,392 per ETH. Over this period, they’ve sold 50,800 ETH, valued at $172.8 million, with an average selling price of $3,401. A smart whale (likely related to #LonglingCapital) bought 6,000 $ETH after the price drop. This whale is skilled at buying $ETH at low prices and selling at highs, with a total profit of $83M. Since May 8, 2023, this whale bought 75,400 $ETH($180.4M) at an average price of… pic.twitter.com/OK0OS9U4ou — Lookonchain (@lookonchain) December 19, 2024 In addition to whale activity, Ethereum’s broader market continues to see strong institutional interest. On December 18, Ethereum spot ETFs recorded a net inflow of $2.45 million, marking 18 consecutive days of positive inflows. Notably, BlackRock’s Ethereum ETF (ETHA) saw a substantial $81.9 million net inflow, further emphasizing the growing demand for Ethereum-based investment products. On December 18, the total net inflow of Ethereum spot ETF was $2.4513 million, and the net inflow continued for 18 days. BlackRock ETF ETHA,…
