ETH drops 0.94% in 15 minutes: whale profit-taking and high-net-worth capital transfer amplify selling pressure in resonance

OnchainDetective · 2026-04-02T03:47:20+00:00

From 03:30 to 03:45 (UTC) on April 2, 2026, ETH prices experienced a rapid decline, with a K-line return of -0.94%. The quote fluctuated within the range of 2046.01 to 2075.41 USDT, with an amplitude of 1.42%. During this period, market attention increased, and short-term volatility intensified.The main driver of this movement was large whales transferring ETH to trading platforms and reducing their holdings. On-chain data shows that addresses holding more than 10,000 ETH exhibited clear signs of offloading during this period, sharply increasing selling pressure, which directly led to a short-term price drop.

OnchainDetective

2026-04-02 03:47:20

From 2026-04-02 03:30 to 2026-04-02 03:45 (UTC), the ETH price declined rapidly; the candlestick return was -0.94%. The quoted price fluctuated within the 2046.01-2075.41 USDT range, with an amplitude of 1.42%. During this period, market attention warmed up, and short-term volatility clearly intensified.

The main driving force behind this abnormal move is that large whales concentrated their transfers to trading platforms and reduced their ETH holdings. On-chain data shows that addresses holding more than 10,000 ETH exhibited clear signs of exiting positions during this time window. This sharply increased selling pressure, directly causing the price to pull back in the short term. Combined with the position data, the whale de-risking trend since 2020 continued into 2026, and the effect of short-term capital fleeing became even more apparent.

In addition, within this window, high-net-worth individual funds had a need for large cross-asset transfers from ETH to BTC, which worked together to amplify short-term selling pressure. Meanwhile, ETH’s 24-hour on-chain spot trading volume reached $40.44 billion, up 6.89% from the previous day. During 03:30—03:45, trading volume was higher than the average, indicating that large funds resonated and amplified price volatility as they moved through the market. Structural adjustments in the market have not yet been alleviated; whale and large-holder behavior continues to dominate the order book, while ordinary retail traders have minimal impact in the short term.

The intensified short-term volatility strengthens liquidity risk. Monitor changes in whale holdings, large on-chain transfers, key support levels (around 2040 USDT), and shifts in market sentiment. As whale behavior drives price fluctuations, if subsequent selling pressure accelerates, traders should be alert to the risk of a new round of price pullback. Users should continue to track on-chain fund flows and key traded ranges, grasp the core thread behind the abnormal movements, and pay close attention to more real-time market information.

ETH-3,61%

BTC-3,09%

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