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    Home»Web3»ETH short liquidation can send the price of Ether at $ 3K
    Web3

    ETH short liquidation can send the price of Ether at $ 3K

    PineapplesUpdateBy PineapplesUpdateJune 11, 2025No Comments3 Mins Read
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    ETH short liquidation can send the price of Ether at $ 3K
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    key takeaways:

    • In the last 44 days, an atherium whale earned $ 31 million in two ET trades.

    • With the base network major activity increase, the unique atherium address in Q2 increased by 70%.

    Ether is on the verge of breaking its monthly range, hitting the high level of 15-week of $ 2,827 on 10 June. A daily daily of $ 2,700 will mark its highest since 24 February.

    After consolidation of a long price of a month between $ 2,300 and $ 2,800, an atherium whale capitalized on a recent rally. As X post From Onchain Tracker Lukanchen, Whale sold 30,000 eths in $ 82.76 million on June 10 through an over-the-counter (OTC) trade, which locks a profit of $ 7.3 million. Sales took place on 27 May $ 75.56 million ETH purchases.

    ETH short liquidation can send the price of Ether at $ 3K
    Ether whale’s business activity. Source: Lukanchen/X

    The same whale bought 30,000 Eth in $ 54.9 million at $ 54.9 million via Wintermute OTC on 27 April. On 22 May, it sold $ 23.73 million in $ 2,621 in $ 2,621 in $ 2,621 between 43% value rally.

    Whale has acquired $ 31 million in profits within just 44 days.

    Q2 unique atherium addresses are 70% above

    The number of unique addresses on the Ethereum Network reached an all -time high of 17.4 million earlier this month. data from Growth It was highlighted that the number of ETH addresses interacting with one or several chains has increased by 70.5% since the onset of Q2. On June 10, 16.4 million active addresses were seen, ETH addresses remained high.

    Market, price analysis, market analysis, atherium price, atherium ETF
    Ethereum weekly address engagement chart. Source: Growth

    The base network led this significant growth, accounting for 72.81% of 11.29 million this week, with a mannet recording of the atherium with 2.23 million addresses or 14.8%.

    Cointelegraph mentioned that Ethereum dominated the decentralized finance (Defi) region, ETH closed 61% of the total value (TVL) with about 66 billion dollars.

    However, in the last 30 days, there have been concerns for its stability due to a fee of only $ 43.3 million. The recent update in favor of rollup with low -cost data packets (Blobs) has reduced stacker returns, as the reduction in ETH supplies depends a lot on the network fee.

    Related: Stacked Atherium ETH Tops Hit Hit Hit All Time as $ 2.7K

    Ethereum Bulls can reduce $ 1.8 billion in shorts above $ 2,900

    Ether futures are open interest (OI) Increased For the first time in its history, $ 40 billion, indicate a heavy leveraged market. This elevated open interest suggests possible instability.

    Market, price analysis, market analysis, atherium price, atherium ETF
    Atherium liquidation chart. Source: Curring Class

    Despite the risks, the mobility of liquidity remains balanced. data from Coalus $ 2,600 shows $ 2 billion in long positions facing liquidation, while $ 1.8 billion in shorts risk liquidation at $ 2,900. This balance gives uncertainty to the next step of market manufacturers, as they could pursue liquidity on both sides.

    Related: Atherium network growth, spot ethf inflow and price advantage attracts new investors

    There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.