Ethereum
Why Ethereum is down 1.6% today
Analysis
Ethereum (ETH) slipped about 1.6% over the past 24 hours as large-position deleveraging and whale activity weighed on sentiment. U.Today reported a major $250M liquidation event tied to an ETH whale account, which can add short-term sell pressure as leveraged positions unwind.
Contributing Factors (3)
Ethereum Deleveraging: Hyperunit Whale Account Liquidated in $250 Million Event
Hyperliquid whale has ended its long bet after $250 million loss on Ethereum amid price crash.
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Ethereum Price Faces 40% Crash Risk as Legendary Whale Dumps $543M ETH – What Happens Next?
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Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.