Whales Have Suffered Badly in Bitcoin and Ethereum: They've Faced Bear Slaps 4 Times in 50 Days! - Coin Bulletin

Ethereum (ETH) and Bitcoin (BTC) prices have experienced a significant get dumped recently, and this get dumped led to the liquidation of large whale positions

The drop in Ethereum prices led to the liquidation of a credit position worth approximately 105 million dollars, holding 67,500 ETH (. This whale, added 2,160 ETH as collateral to lower the liquidation line of its position, but prices fell rapidly, and the position became fully liquidated. This liquidation caused the price of Ethereum to decline further.

)# The whale position in Bitcoin has also been liquidated

On the other hand, a noteworthy development occurred in Bitcoin. According to Lookonchain data, the Bitcoin price dropped below the $75,000 level, and along with this, another whale became liquidated. This whale lost its position of 996 cWBTC ### worth approximately 1.54 million dollars(. Interestingly, in the last 50 days, this whale became liquidated 4 times and lost a total of 19.58 million dollars.

Factors Behind Liquidations

Large liquidations in both Ethereum and Bitcoin have created significant selling pressure in the market. These movements have once again highlighted the need for investors to be more cautious and the high level of volatility of the cryptocurrency market. These large liquidations lead to fluctuations in the market, drawing more attention from investors.

The declines in Ethereum and Bitcoin are sending important signals regarding the overall health of the markets and investor sentiment. The demand for crypto coins and liquidity conditions will be among the main factors driving price movements.

As the price of Ethereum dropped to as low as 1,400 dollars, Bitcoin also fell below the 75,000 dollar level.