🚨 $ETH Implodes: Whale Losses Top $54M! 📉
Ethereum is in freefall after breaching the $3,400 support. Price is trapped in a descending channel, hitting lows around $2,800 and currently trading at $2,926 – a 6.9% drop in 24 hours.
A major Ethereum whale ("BitcoinOG") is reeling from over $54 million in unrealized losses on Hyperliquid after shifting funds from $BTC. Despite the pain, liquidation risk is currently contained around $2,082.The futures market is seeing massive volume (+53.5% to $87.15B) alongside a huge drop in open interest (-55.29%), signaling panicked liquidations. Over $250 million in long positions have been wiped out in 48 hours.
Stochastic RSI is deeply oversold. A break below $2,700 is possible if the selling continues. Bulls need to retake $3,000 for any hope of a rebound. ⚠️
#Ethereum #CryptoCrash #WhaleWatch #ETH 🐻
