Dormant Whale Triggers ETH Volatility Amid Market Fears
Mar 11, 2025, 10:58 a.m.
5 sources
A long-term ETH holder, known as a dormant whale, has moved 7,000 ETH (approximately $13.8 million) to Kraken. This move comes at a time when ETH is experiencing significant price pressure, dropping to its lowest levels since October 2023 amid broader market downturns driven by U.S. recession fears. The deposit, observed by blockchain analyst Spot on Chain, has raised concerns about potential liquidation or use as margin for derivatives trading, which may amplify near-term volatility. Nevertheless, the whale still retains a substantial holding of over 30,000 ETH, suggesting a measured long-term view despite the current bearish sentiment. This development highlights both the acute short-term risks and the underlying long-term potential, pending how market participants interpret these complex signals.
In the short term, ETH may see increased volatility due to the large transfer to Kraken, as market participants react to potential liquidation and margin trading strategies. The negative sentiment spurred by U.S. recession fears and a significant drop in price could drive further downward pressure. However, the fact that the whale retains a sizable holding indicates possible long-term support and confidence, which may help stabilize the coin later if market conditions improve. Immediate effects are likely to reflect heightened trading activity and uncertainty, while deferred impacts could see a recovery as accumulation strategies emerge or as investors reassess the long-term fundamentals of ETH.
Sources
Dormant Ether Whale Moves $13M in ETH to Kraken
CoinDesk
11.03.2025 05:28
Dormant Whale’s 7,000 ETH Kraken Transfer Shakes Market— Will Prices Drop Further?
coinfomania.com
11.03.2025 08:53
Ethereum Whale, Sleeping for 10 Years, Sent Thousands of ETH to Kraken Exchange! Here Are the Details
Bitcoin Sistemi
11.03.2025 10:40
Top Today
15 minute ago
6 sources
Sui Unveils Gasless Stablecoin Transfers to Revolutionize Payments
5 hour ago
6 sources
EU Launches MiCA Consultation to Review Cryptoasset Regulation
6 hour ago
6 sources
FOMC Minutes May Signal Hawkish Shift, Dampening Crypto Sentiment
7 hour ago
10 sources
Ethereum Under Pressure as Harvard Exits ETH ETF and Whale Selling Intensifies
7 hour ago
5 sources
Ireland Seizes Additional 500 BTC in Dormant Drug Case, Total 1,000 BTC Recovered
8 hour ago
9 sources
Tether Acquires SoftBank's Twenty One Stake, Proposes Bitcoin Platform Merger
Disclaimer
The content on this website is provided for information purposes only and does not constitute investment advice, an offer, or professional consultation. Crypto assets are high-risk and volatile — you may lose all funds. Some materials may include summaries and links to third-party sources; we are not responsible for their content or accuracy. Any decisions you make are at your own risk. Coinalertnews recommends independently verifying information and consulting with a professional before making any financial decisions based on this content.