Ethereum Whales Make Waves: Massive Movements and Liquidations Shake the Market

The Ethereum community is buzzing following significant movements by crypto whales, including a massive liquidation that resulted in a loss of over $306 million. These events have sparked discussions about market trends and the implications for Ethereum's future.

Key Takeaways

• A whale recently lost $306 million due to a liquidation of a highly leveraged position.

• Ethereum experienced its largest exchange outflow since 2022, totaling $1.8 billion.

• Another whale made a profit of $3.65 million through leveraged trading on a decentralized exchange.

Whale Liquidation Shakes the Market

A recent incident involving a crypto whale has sent shockwaves through the Ethereum community. The trader, who had been using 50x leverage, saw their position liquidated for a staggering $306.85 million. This liquidation is one of the largest in crypto history, highlighting the risks associated with high-leverage trading.

• The whale began trading on March 10, 2025, and initially sold 947 ETH for $1.95 million in USDC.

• Over the next few days, the trader aggressively increased their position to 140,458 ETH, valued at approximately $269.8 million.

• The liquidation occurred when Ethereum's price fell below the trader's liquidation threshold of $1,805, wiping out their entire position in minutes.

This incident has reignited discussions about the dangers of trading with high leverage, as even minor price fluctuations can lead to catastrophic losses.

Significant Whale Movements

In addition to the liquidation, the Ethereum market has seen notable whale activity, including substantial transfers and trading strategies. On March 12, another whale made headlines by securing an unrealized profit of $3.65 million through a 50x leveraged position on the decentralized exchange Hyperliquid.

• The whale deposited $10 million USDC to place a long order for Ethereum at $1,921.

• Their position quickly grew to $271.6 million, with an entry price of $1,900.2.

• This whale has been actively accumulating ETH, suggesting a bullish outlook despite recent market volatility.

Ethereum Exchange Outflows Reach New Highs

Amidst these whale movements, Ethereum has experienced significant outflows from exchanges, totaling $1.8 billion in the past week. This marks the highest weekly outflow since December 2022, indicating that many holders view current price levels as a strategic buying opportunity.

• The average daily loss for Ethereum over the past 83 days has been approximately 0.61%, leading to a decline of 51% overall.

• The market value to realized value (MVRV) ratio for Ethereum has dropped to 0.8, suggesting potential undervaluation and a possible buying opportunity for investors.

Market Implications

The recent activities of Ethereum whales have raised questions about the future direction of the cryptocurrency. While some traders are capitalizing on price movements, others are facing significant risks. The combination of large liquidations and substantial outflows could indicate a turning point for Ethereum, as traders reassess their strategies in light of recent events.

As the market continues to evolve, the Ethereum community remains vigilant, watching for signs of recovery or further decline. The interplay between whale movements and market sentiment will be crucial in determining Ethereum's trajectory in the coming weeks.

Sources

• Crypto whale makes $3.65 million on 50x leveraged Ethereum bet, TheStreet.

• Ethereum price bottom? $1.8B in ETH leaves exchanges, biggest outflow since 2022, Cointelegraph.

• Ethereum Whale Loses $306M in Massive Liquidation, The Crypto Times.