Massive liquidation by Ethereum whales
✅ Large-scale on-chain liquidation risk identified in the $1,700-$1,000 range during Ethereum price declines
🗂 Trend Research
🔘 Holdings: 356,150 ETH (approximately $671 million)
🔘 Liquidation range: $1,562-$1,698
🔘 Characteristics: Concentrated leveraged positions held by multiple wallets, presumed to be the same entity
🗂 Joseph Lubin + 2 unidentified whales
🔘 Holdings: 293,302 ETH (approximately $553 million)
🔘 Liquidation range: $1,329-$1,368
🔘 Characteristics: Intermediate defensive zone with overlapping ETH key players and whale holdings
🗂 7 Siblings
🔘 Holdings: 286,733 ETH (approximately $541 million)
🔘Liquidation range: $1,075 / $1,029
🔘Characteristics: Key macro liquidation zone at the bottom, with a potential for cascading volatility if it collapses.
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🗄 Comment
Currently, Ethereum is facing a more important phase, with the on-chain leverage liquidation zone being more important than simple price support and resistance.
In particular, a breakout of the $1,300 level is likely to act as a turning point for medium-term volatility.