ETH might just be the most effective asset for liquidating whales out there. I saw this play out vividly earlier this year—when Ethereum tanked from 4k down to 1.5k, it triggered a cascade of liquidations. What fascinated me was watching whales get wiped out at price levels they genuinely believed were rock-solid support. They weren't prepared for that kind of velocity. The thing that caught everyone off guard though was what happened next. The rebound from those lows wasn't just a dead cat bounce. It powered through to fresh all-time highs, leaving behind a trail of liquidated positions and regret. That sharp reversal is exactly why ETH creates such brutal conditions for leveraged players—the volatility can destroy your conviction in seconds. Whether you're a whale or retail, extreme moves in either direction on Ethereum have a way of catching people on the wrong side of their positions.