Gate News bot message, Gate market display, ETH drops below 2450 USDT, current price 2449.81 USDT.
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Three weeks ago, a whale built a position in ETH and then liquidated 4,790 ETH, incurring a loss of approximately $125,000.
On-chain analyst detected that an address liquidated 4,790.33 ETH on March 8, incurring a loss of approximately $125,000. The address withdrew ETH at an average price of $1,971.98 in mid-February, and after holding for three weeks, recharged at $1,945.85. It previously had an unrealized profit of nearly $1 million on March 5.
GateNews2h ago
ETH/BTC Ratio Locks Into Tight Range – Why the 0.03 Level Is the Key to Ethereum’s Next Big Move
The ETH/BTC ratio indicates ongoing hype in altcoin season and the continuing march of Bitcoin to new heights. Ethereum and Bitcoin are moving closely together than they have before (with little distance between them) as indicated by the ETH/BTC ratio reaching some of the tightest historical
BlockChainReporter3h ago
Hidden "Death Spiral" Risk! Ethereum and Bitmine targeted by short-selling institutions
Ethereum is about to undergo a major upgrade, and the market is highly focused on it. However, short-selling firm Culper Research believes that the Ethereum economic model is failing and warns of a potential "death spiral." They point out that a significant drop in transaction fees and shrinking staking rewards will impact network security. The report also mentions Vitalik Buterin selling Ethereum and questions the market fundamentals, suggesting that Ethereum is facing a new reality.
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