Crypto Market Faces Intense Volatility

The crypto market began the week with heightened volatility, leading to multiple liquidations, particularly affecting long positions. Today, data from Lookonchain reveals that a whale was liquidated for massive amounts of Ethereum after ETH’s price fell below $1,805.

> This whale just got liquidated for 160,234 $ETH ($306.85M)! Link
> — Lookonchain (@lookonchain) March 12, 2025

Whale Loses $306 Million in Ether

The whale, who bet on Ethereum’s rise, experienced substantial losses today after a drastic decline in ETH’s price. This particular liquidation amounted to 160,234 ETH ($306.85 million) as the price dipped below $1,805, reaching a low of $1,760.94 earlier.

The asset’s decline is attributed to negative market sentiment and significant inflows, forcing prices under $1,800. As of now, ETH’s price stands at $1,918, reflecting a 1.3% increase in the past 24 hours. Consequently, many investors have faced losses, with some fully liquidated.

Nearly $1 Billion Liquidated

This whale’s loss is part of a broader crisis in the crypto market. Since the week started, the market has witnessed significant turmoil, with many investors incurring massive losses. In the last 24 hours, nearly $1 billion has been liquidated, with ETH taking the hardest hit, marking its lowest level since December 2023.

Traders have been blindsided by these sudden liquidations, many having placed bullish bets in hopes of continued upward momentum. However, as prices fell, rising liquidations further exacerbated the downturn, forcing traders to offload positions at a loss.

Several factors contribute to the current market downturn. Rising recession fears have been a principal driver of this bear market, compounded by President Trump’s recent warnings about an economic “transition period.” This has heightened investor anxiety about the market’s future.

Moreover, whales have been making substantial transfers, indicating a potential offloading of holdings. These significant transfers suggest that whales may be repositioning in response to increased price volatility, thus intensifying uncertainty regarding short-term market movements and raising alarms about deeper price declines.