Ethereum Whale Cuts 42,000 ETH After Overnight Drop, Realizing $21.12M
The address had accumulated 52,000 ETH at an average price of $2,161 over nearly two months before reducing most of the position at $2,664.
The address had accumulated 52,000 ETH at an average price of $2,161 over nearly two months before reducing most of the position at $2,664.
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The cohort's combined balance rose 2.22% to roughly 5.24 million BTC, but the data does not identify owners or confirm open-market purchases.
The whale accumulated the Ether through Galaxy Digital over the past two months and plans to sell the position.
Daily net inflows totaled approximately $160 million, $433 million, $999 million and $715 million across the four trading sessions.
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The platform plans to migrate from Base to Ethereum, citing network effects, global integrations and alignment with its long-term goals.
Trades near $5,499 made up 57% of a $13.5 million Ether sample from Sept. 17-20, while Kalshi attributed the pattern to fixed-size liquidity orders.
The decline followed stronger U.S. business activity and coincided with $135.8 million in crypto liquidations within one hour.
The prediction-market operator attributed repeated trades to liquidity incentives after public data showed unusually high Ether perpetual volume relative to open interest.
The total crypto market value fell 2.27% to $2.96 trillion as major tokens, U.S. equities and gold moved lower.
Nearly 1 million trades clustered around $5,500 order sizes, while Kalshi denies wash-trading allegations and attributes the pattern to market-making activity.
Bitcoin fell below $85,000 on Sept. 23 after stronger-than-expected US business activity sent Treasury yields higher and flushed leveraged longs.
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TL;DR Bybit has listed SDGRUSDT, a perpetual contract tracking Schrödinger Inc. shares. The contract offers up to 25x leverage through the exchange's TradFi perpetual platform.
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