The rapid fluctuation in the crypto currency market, Ethereum, the second largest digital asset $4,300.67directly affected. In the last week, a general depreciation of the crypto markets has experienced a serious retreat in the price of Ethereum. In this atmosphere, the decline in Ethereum’s value was reflected in both individual investors and large institutional players in different ways.
Hard decline and liquidations in Ethereum
The price corrections in Ethereum since the beginning of the week have led to losses especially for investors who evaluate the position upward. According to the data, Ethereum depreciated by 7.3 percent on a weekly basis. In the last 24 hours, an additional decline of 1.54 percent was observed and Ethereum was traded at about $ 4,166 at the time of the article. In this process, a total of 136,855 investors lost their positions and $ 486.6 million liquidation took place in 24 hours. 196.8 million dollars of this amount belonged to the Ethereum positions, while $ 155,15 million was due to long positions.
When the data of a blockchain analysis firm was examined, an investor who earned millions of dollars by opening a long position in Ethereum four months ago was seen to have lost almost all his earnings in a short time. The investor increased his initial capital to $ 29.6 million with gradual purchases of 125,000 dollars and closed his position with a profit of $ 6.86 million at the beginning of this week. However, the investor, who opened a position again and caught a market decline, suffered a loss of $ 6.22 million.
“It started with only $ 125,000, the account increased up to $ 6,99 million (it reached over $ 43 million at the summit).
Margine transactions and the reaction of corporate investors
Some investors who made high -risk leverage transactions were also affected by the latest decreases. The investor named James Wynn experienced partial liquidation with his high leverage Ethereum position. Wynn took up to 25 times leverage in ETH with its 19,206,72 USDC capital for reference awards. However, after the depreciation, part of the position was closed.
“James Wynn’s ETH long position was partially liquid and 71.6 Eth ($ 300,000) remained in his hand,” Lookonchain.
In another example, an investor depositing 1 million USDC to the Hyperliquid platform Ethereum, Bitcoin $115,546.30 and pump.fun opened a maximum leverage position. According to the latest data, this investor is currently facing loss of loss of more than $ 1 million.
Corporate investors evaluated the market decline as the new purchase opportunity. Bitmine Immersion increased its total existence to 1,575,848 ETH by increasing its Ethereum amount by 52.475 ETH. This is worth approximately 6.6 billion dollars. The other large institution, Sharplink, bought 143,593 ETH last week.
“Sharplink bought 143,593 ETH ($ 667 million) last week and currently has 740,760 ETH ($ 3,19 billion). With his bitmine, they bought a total of 516,703 ETH ($ 2.22 billion),” Lookonchain announced.
Sales of large funds and panic atmosphere
Looking at the institutional wallet movements, the two wallets received a total of 9,044 ETHs through Falconx. However, in the same period, it was observed that some major investors quickly transferred their assets to the stock markets and panic sales in the market increased. Such transactions further increased price volatility in the market.
In general, the last depreciation in Ethereum negatively affected both short -term investors and marginal transactions. In contrast, some major players preferred to increase their purchases as an opportunity to decline. It is stated that corporate investors’ confidence in Ethereum continues, but the uncertainty in the market constitutes a risky environment for small investors.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.