Ethereum traders are concerned as #ETHWhaleLiquidation gains traction. A major Ethereum whale recently liquidated over 100,000 ETH, causing speculation about market stability.
Possible Reasons Behind the Liquidation
Portfolio Rebalancing: Large investors often shift assets between crypto and traditional markets.
DeFi Liquidations: Some speculate that the whale had over-leveraged positions.
Market Fear: Uncertainty over Ethereum’s upcoming network upgrades could play a role.
Despite this, ETH remains strong, and some analysts predict a recovery once selling pressure subsides.