Today’s recovery attempt of most cryptocurrencies turned out to be a fake because the market has turned red again.
This time Ethereum took the painful main stage, with more than 11% dumped since his highest high-registered person just over 24 hours ago.
The landscape around the second largest cryptocurrency in the world changed on Friday evening, after the rather promising speech by Jerome Powell about future important interest rates. ETH reacted with an immediate price increase that drove it from $ 4,200 to a new of all time of almost $ 4,900.
After a much quieter period of 48 hours during the weekend, it was actively in the offensive on Sunday evening and it set a record of more than $ 4,950. That is where the situation changed worse, and ETH, in addition to BTC and the rest of the market, tumbled hard.
The Bitcoin price fell to a low point of six weeks and left more than $ 300 million in lungs in just one hour before it was dumped to $ 110,000 today. BTC took yesterday’s correction a lot worse, while ETH, perhaps helped by the constant large purchases of whales and companies, performed slightly better.
However, Ethereum has now dumped hard and lost more than $ 550 since yesterday’s peak in a drop to $ 4,400 marked minutes ago. This price deposit is quite surprising, given that large entities continue to collect token massively, including this enormous purchase of $ 2.5 billion reported by Arkham Intelligence.
This huge whale has just bought and set $ 2.5 billion USD ETH
This man has just bought $ 2.55 billion USD from ETH from Hyperunit and has postponed it all by the same strike contract.
His last down payment was only 1 hour ago. Will he keep buying? pic.twitter.com/yaphkfwim
– Arkham (@arkham) August 25, 2025
The liquidations are on the rise again. In the last hour alone, the total value has risen to almost $ 285 million, with lungs representing most of that amount. ETH leads the peloton, destroyed with more than $ 110 million in lungs.
Almost 180,000 traders were liquidated in the past day, with the biggest position on Binance. It was worth $ 7 million to the north and included ETH.
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