Ethereum $3000 support level tug-of-war: whale's $500 million dilemma and market liquidation crisis

2025-12-13 23:20:10

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【Crypto World】The tug-of-war around the $3000 mark for Ethereum has entered a fever pitch. A huge whale built a long position worth $537 million at $3175, and now this order is already showing a unrealized loss of $20.5 million, clearly indicating that the expected rebound has not yet arrived. More painfully, in the past 24 hours, the market has experienced $120 million in liquidations, with long positions being swept out one after another.

Interestingly, the realized price of major holders is approaching a rare historical key level. This situation has traditionally two possible outcomes: either breaking below the whale’s cost triggers a new wave of liquidations, or it rebounds to initiate a large-scale accumulation. The current scenario is like a tensioned string, ready to snap in any direction.

ETH-0.54%

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FloorPriceWatcher

· 10h ago

The whales can't hold up this time either. A single order of over 500 million is floating at a loss of more than 20 million. This is probably just the beginning.

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