Ethereum Whales Liquidate to Repay Debts as ETH Price Drops Sharply
Ethereum (ETH) has recently faced a significant downturn, forcing major holders of the cryptocurrency to liquidate large amounts of their holdings. As noted by market tracker LookonChain, ETH’s price fell by 18.35% from its Monday high of $4,109, which formed a bearish pattern on the daily chart. This wave of selling indicates the pressure on whales who may need to pay off obligations. As the market fluctuates, investors must assess their strategies and consider the implications of these sales on Ethereum’s future performance.
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