Another Crypto Carnage: ETH Drops by Over $500 Since Yesterday’s ATH
At the moment’s restoration try by most cryptocurrencies turned out to be a fakeout because the market has turned purple as soon as once more.
This time, Ethereum has taken the painful fundamental stage, dumping by over 11% since its all-time excessive registered simply over 24 hours in the past.
The panorama all over the world’s second-largest cryptocurrency modified for the higher on Friday night, after Jerome Powell’s reasonably promising speech about future key rate of interest cuts. ETH reacted with a direct value surge that drove it from $4,200 to a brand new all-time excessive of just about $4,900.
After a a lot calmer 48-hour interval in the course of the weekend, the asset went on the offensive as soon as once more on Sunday night and set one other document of over $4,950. That’s the place the scenario modified for the more severe, and ETH, alongside BTC and the remainder of the market, tumbled exhausting.
Bitcoin’s value plunged to a six-week low, leaving over $300 million in longs liquidated in only one hour earlier than it dumped additional to $110,000 right this moment. BTC took yesterday’s correction rather a lot worse, whereas ETH, maybe aided by the continual large purchases from whales and companies, carried out barely higher.
Nevertheless, Ethereum has dumped exhausting now, shedding over $550 since yesterday’s peak in a drop to $4,400 marked minutes in the past. This value dump is reasonably shocking given the truth that massive entities proceed to build up the token en masse, together with this huge $2.5 billion buy reported by Arkham Intelligence.
THIS MASSIVE WHALE JUST BOUGHT AND STAKED $2.5 BILLION USD OF ETH
This man simply purchased $2.55B USD of ETH from Hyperunit and staked it ALL via the identical staking contract.
His final deposit was just one HOUR in the past. Will he maintain shopping for? pic.twitter.com/YAAPHkfwIM
— Arkham (@arkham) August 25, 2025
The liquidations are as soon as once more on the rise. Prior to now hour alone, the full worth has risen to just about $285 million, with longs representing nearly all of that quantity. ETH leads the pack, with over $110 million in longs wrecked.
Virtually 180,000 merchants have been liquidated previously day, with the only largest worn out place happening on Binance. It was value north of $7 million and concerned ETH.
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