The crypto market just got hit with a storm — and ETH is right at the center of it. Whales are dumping, liquidations are piling up, and investor fear is spreading like wildfire. But beneath the panic, one question remains: Why Ethereum is Falling and will it bounce back?
The crypto market is crashing again, and $ETH is one of the hardest hit. According to CoinMarketCap, In the past 24 hours, the price dropped to $1,544.76, which is a 14.57% fall. A lot of people are scared and wondering why this is happening. Let’s break it down in a simple way.
Source: CoinMarketCap
1. Whales Dumb Hard: Panic Sales
Crypto expert Ali Martinez shared that the number of big wallets holding over 10,000 of this tokens went down from 999 in February to 896 now. That’s a 10% drop. It means some of the biggest holders are getting out of the market.
One big whale lost $106 million after their position got liquidated when the price fell to $1,650. This caused even more panic.
2. 7 Siblings" Whale Accumulation Turns into Blood Loss
According to data from Lookonchain, a group called “7 Siblings” spent over $42 million recently to buy more od theis tokens at $1,700. Since February, they’ve spent nearly $229 million, buying over 100,000 tokens. But because the $ETH price dropped, they’ve already lost about $64 million on paper.
Source: Lookonchain X Account
At the same time, another whale sold 14,014 tokens, worth over $22 million, in just three hours. This shows that even big investors are scared.
3. Trump’s Tariff News Made Things Worse
When things already got shaky, comes in the news that the Former president Trump plans to impose strong tariffs. This sent shivers down the investor's spine all over. The U.S. stock market fell and so does the crypto market. Bitcoin suddenly dropped under $78,000 and the entire crypto market lost about 8%, bringing the total market cap further down to $2 trillion level.
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