Ethereum
Whales Dump 760,000 Ethereum in Two Weeks — Is More Selling Ahead?
Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Ethereum continues to face strong headwinds as it trades below the $1,900 mark, with bullish momentum fading and market sentiment growing increasingly fearful. After a brief attempt to stabilize, ETH has resumed its downward trajectory, now down over 35% since late February. Price action remains weak, and investors are bracing for more potential downside as selling pressure shows no sign of easing.
Related Reading
Contributing to the bearish outlook, on-chain data from Santiment reveals that whales have offloaded approximately 760,000 ETH in just the past two weeks. This significant sell-off by large holders adds weight to the growing concerns that the market may be entering a deeper correction phase. When whales exit in size, it often reflects declining confidence and triggers a wave of additional selling from smaller investors.
With macroeconomic uncertainty still shaking financial markets and Ethereum’s key support levels under threat, the outlook for ETH remains fragile. Bulls must act fast to reclaim momentum and prevent a slide into lower demand zones. Until then, the combination of fading demand, technical weakness, and aggressive whale selling continues to cloud Ethereum’s near-term path, leaving traders on edge as the next move unfolds.
Ethereum Whale Selling Grows and Market Confidence Fades
Ethereum continues to show signs of sustained selling pressure, and the broader market is starting to accept that the current downtrend may persist. With ETH trading well below key resistance levels and struggling to hold above $1,900, confidence among traders and investors is weakening. Macroeconomic uncertainty, fueled by rising global tensions, unstable interest rate expectations, and unpredictable policy moves, has shaken financial markets. High-risk assets like Ethereum are taking the hardest hits, with volatility amplifying every move.
Despite the weakness, there’s still a glimmer of optimism across the market. Some investors believe Ethereum could mount an aggressive recovery, especially if broader conditions stabilize or if ETH finds strong support around current levels. However, that optimism is starting to fade in the face of poor price action and concerning on-chain data.
Top analyst Ali Martinez shared insights on X, revealing that whales have sold approximately 760,000 ETH over the past two weeks. This significant offloading by large holders adds to the ongoing bearish pressure and suggests that confidence among big players is declining. Whale movements are closely watched, as they often precede or confirm broader market trends.
Still, markets are dynamic, and this trend could shift quickly. If Ethereum can hold key support zones and macroeconomic conditions begin to calm, the same large players currently selling may reenter the market in anticipation of the next rally. For now, though, Ethereum remains in a fragile state, with continued selling and cautious sentiment likely to dominate the short-term outlook. Bulls must step in soon to shift the trend — or risk watching ETH slide further in the weeks ahead.
Related Reading
Bulls Struggle to Reclaim Key Levels
Ethereum is currently trading at $1,880 after several days of weak price action, caught in a tight range between $2,000 resistance and $1,750 support. Despite multiple attempts, bulls have failed to reclaim the critical $2,000–$2,200 zone — a level that would signal strength and potentially mark the beginning of a broader recovery phase. Instead, ETH remains trapped in a downtrend, with momentum continuing to favor the bears.
The inability to push higher is putting bulls in a vulnerable position. With Ethereum now hovering just below the $1,900 level, the coming days are crucial. If ETH fails to hold above this mark and cannot break back above $2,000 with conviction, a sharp drop is likely. Such a move could lead to a retest of the lower $1,700s or even deeper, especially if broader market sentiment remains negative.
Related Reading
As macroeconomic instability and market uncertainty persist, investors are growing cautious, and risk appetite continues to fade. For Ethereum to avoid a deeper selloff, bulls must step in quickly, reclaim lost ground, and reestablish confidence above the $2,000 level. Until then, the path of least resistance appears to remain to the downside.
Featured image from Dall-E, chart from TradingView
After a slight rebound on Tuesday to the $1,600 threshold, Ethereum‘s price was faced with notable resistance, which led to a sudden breakdown to $1,450. ETH’s persistent weak performance this year has impacted investor conviction in the market, triggering significant selling pressure in the past few weeks.
Bearish Sentiment Toward Ethereum Grows On Binance
The bearish sentiment toward Ethereum has increased in crypto exchanges, especially on Binance, the world’s largest cryptocurrency exchange. Verified author and on-chain expert for CryptoQuant, Darkfost, revealed that ETH’s Open Interest (OI) on Binance continues to see a steady decline.
The persistent drop in open interest on the crypto exchange indicates that ETH‘s derivatives market is cooling down. It also reflects rising caution among investors and traders as the altcoin battles to sustain its bullish momentum.
Darkfost highlighted that the open interest on Binance continues to drop without stopping and is now changing under its 365 Simple Moving Average (SMA). This movement implies that speculative activity is pulling back as investors might be waiting for more certain signals before making a forceful comeback to the market.
After hitting an all-time high of $7.78 billion in December, the open interest on Binance has decreased by almost 50% between December and April, wiping out nearly $4 billion within the period. The chart shows that ETH’s open interest on Binance is now valued at $3.1 billion, suggesting a massive shift in investor sentiment on the platform.
According to the on-chain expert, Ethereum’s price has been significantly impacted by this sharp drop, and there are no indications that the ongoing downward trend will be stopping anytime soon. Furthermore, it reflects the magnitude of recent liquidations as well as a heightened aversion to risk among investors.
In the event that the trend continues, Darkfost noted that “Ethereum’s price is still far from entering a period of stability.” Thus, Darkfost has urged traders to monitor investors’ behavior on Binance, which remains a valuable indicator since the largest trade volumes across the market are regularly captured by the crypto platform.
ETH Is Poised For A Massive Upswing To New All-Time Highs
With ETH’s open interest decreasing on the largest crypto exchange and the market extremely volatile, this raises concerns about its price stability. Nonetheless, many crypto analysts are confident that a rebound could be on the horizon, which is likely to push the altcoin toward new highs.
Market expert and trader Milkybull Crypto shared a post on the X platform, outlining Ethereum’s potential to surge significantly in the upcoming weeks. At the time of the post, ETH was trading at $1,585, and the expert stated that the altcoin typically marks a macro bottom at this level. Should this level hold, Milkybull anticipates a huge rally, putting his next target at the $10,000 milestone.
Featured image from Unsplash, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
An Ethereum whale has dumped its ETH holdings after holding them for over two years, even through a bull market. This capitulation from the ETH whale suggests it might be a good time to offload the leading altcoin, with a further crash in the coming weeks a possibility.
Ethereum Whale Dumps 10,000 ETH After 900 Days
In an X post, on-chain analytics platform Lookonchain revealed that an Ethereum whale finally capitulated after holding for over 900 days, selling all their 10,000 ETH for $15.71 million. This whale had originally bought 10,000 ETH for $12.95 million at an average price of $1,295 on October 4 and November 14, 2022.
Related Reading
The Ethereum whale didn’t sell any of their ETH holdings, even when the leading altcoin broke through $4,000 twice in 2024. However, the whale has now capitulated with the Ethereum price below $1,500, nearing their average entry price of $1,295. The investor sold the coins for a $2.75 million profit, while their unrealized profit was $27.6 million at its peak.
This Ethereum whale isn’t the only one who is capitulating. As Bitcoinist reported, ETH whales have dumped over 500,000 coins in the space of 48 hours. This development is thanks to Ethereum’s massive crash, with the leading altcoin at risk of dropping lower. This decline is part of a broader crypto market crash, which has occurred due to Donald Trump’s tariffs.
Trump’s tariffs have led to a major trade war with China, which has promised not to back down, further sparking concerns among investors. As such, the Ethereum price looks more likely to suffer a further crash in the meantime, which explains why these Ethereum whales are capitulating to cut their losses.
Donald Trump’s World Liberty Financial Also Capitulating?
Donald Trump’s World Liberty Financial (WLFI), an Ethereum whale, looks to be feeling the heat and might have already started capitulating. Citing Arkham Intelligence’s data, Lookonchain revealed that a wallet possibly linked to WLFI sold 5,471 ETH for $8.01 million at the price of $1,465, representing a loss for the whale in question.
Related Reading
World Liberty Financial had previously bought 67,498 ETH for $210 million at an average price of $3,259. The crypto firm is now sitting on an unrealized loss of $125 million, seeing as the Ethereum price has declined by over 50% since their purchases.
Crypto analyst Ali Martinez predicts that the Ethereum price will crash further in the short term, indicating that Ethereum whales like WLFI could witness more unrealized loss on their ETH holdings. Martinez stated that $1,200 could be where the leading altcoin finds its footing.
At the time of writing, the Ethereum price is trading at around $1,400, down over 8% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Unsplash, chart from Tradingview.com
Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
The Bitcoin price continues to lead the market and with each crash, it has taken down the altcoin market with it. Amid this, Ethereum has performed especially poorly, returning to prices not seen since seven years ago. As Donald Trump’s tariff situation rocks the market, the question on everyone’s lips is, where is the Bitcoin price headed from here?
Market Experts Chime In On Bitcoin Price
Crypto market sentiment has tanked to levels not seen in years with the Bitcoin crash into the $ 70,000 territory, and according to many, the battle is far from over. One of the experts who have said that the Bitcoin price could stay low during this time is Alex Guts, CEO of Banxe.
Related Reading
According to Guts, the BTC price could continue to trade in a tight $72,000-$84,000 range during this time. Looking over for the long-term, the CEO sees “prospects staying bullish as adoption and policy support grow.”
On the same note, while Trump’s policies and tariff wars have caused the markets to tank, expectations remain that this could be good for the markets in the long term. In an analysis shared with NewsBTC, a Bitunix expert analyst pointed out that what the Trump administration is doing is “igniting a regulatory renaissance for crypto.”
He points out that all of the President’s actions since he took office have shown this, especially with his empowerment of crypto leaders. So, despite the market being down now, Trump’s moves could end up igniting further growth for the market.
The Bitunix analyst warns that investors should not allow the news of the tariff wars to cloud their judgment. He outlines that sometimes it is imperative to implement new things in order to fix what is broken, likening it to ‘taking medicine’.
As for where the Bitcoin price could be headed next from here, the expert analyst told NewsBTC:
“Well, the recent price drop in major cryptocurrencies has worried retail investors, but we believe that Bitcoin could potentially reach $117k after the dust settles.”
The Sad State Of Affairs Of ETH/BTC
Despite being the second-largest cryptocurrency in the world, the Ethereum price has performed poorly, especially in comparison to Bitcoin. Looking at the ETH/BTC chart, there seems to be no support in sight as the crash continues.
Related Reading
So far, Ethereum has fallen to 0.01889 BTC, a level that has not been recorded since 2019. This suggests that Ethereum has completely retraced its gains from the past six years, plunging believers and supporters into deep losses.
For a turnaround for Ethereum, it seems major news would have to come out to propel a recovery. Otherwise, the lack of support suggests that Ethereum holders have more turbulence ahead of them to deal with.
Featured image from Dall.E, Chart from TradingView.com
Bitcoin Rallies After Trump Pauses Tariff—Crypto Markets Cheer the Move
Top 3 Exchange Tokens to Keep An Eye For April 2025
Argentina Opens LIBRA Investigation, Top Officials May Be Implicated
Solana (SOL) Drops 4% as Selling Pressure Intensifies
Paul Atkins Confirmed as SEC Chair, Crypto Rules to Ease
US Senate Confirms Pro-Crypto Paul Atkins As SEC Chair
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
-
Market23 hours agoEthereum Price Hit Hard—10% Drop Sparks Selloff Fears
-
Bitcoin22 hours agoHow Trump’s Tariffs Threaten Bitcoin Mining in the US
-
Altcoin22 hours agoShiba Inu Burn Rate Shoots Up 1500%, Can SHIB Price Recover After Bloodbath?
-
Market19 hours agoXRP Price Warning Signs Flash—Fresh Selloff May Be Around the Corner
-
Altcoin19 hours agoBinance To Delist These 7 Crypto Pairs Amid Market Turmoil, Are Prices At Risk?
-
Market11 hours agoCrypto Market Rallies After Trump’s 90-Day Pause on Tariffs
-
Market17 hours agoHow Ripple’s $1.25 Billion Deal Could Surge XRP Demand
-
Market22 hours agoFed Reverse Repo Facility Drains, Stealth Liquidity Injections Seen
