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Ethereum Market Faces High Liquidations but Retains Strong Futures Interest
2 hours ago

Ethereum Market Faces High Liquidations but Retains Strong Futures Interest

Traders in Ethereum experienced a turbulent market as a wave of long liquidations swept through, causing some dramatic shifts in futures open interest. Liquidated long positions totaled around $76.4 million, with $55.8 million of that coming out in just one hour. This was the second-largest single-hour liquidation event we’ve seen in the past year, right after a December 9 liquidation that saw around $56 million in long positions taken out. The futures market itself seems just fine; around the time of the liquidation event, open interest still looked quite healthy and was well above the kind of trendline you would expect to see over the course of a year without any major event taking place. And spot Ethereum ETFs? They’re still seeing nice inflows. Yesterday, $76.4M in $ETH long liquidations hit the market, with $55.8M wiped out in a single hour – the second-largest spike in a year, just behind Dec 9’s $56M: https://t.co/6Gj0BlXWMf pic.twitter.com/N0XBrU752T — glassnode (@glassnode) February 4, 2025 Massive Liquidations Shake Ethereum’s Futures Market The crypto market experienced an intense wave of liquidations, but Ethereum’s market saw the most significant knock-on effects. The liquidation of $76.4 million in long positions took place as price fluctuations hit leveraged traders hard. These traders were forced to close over-leveraged positions due to the almost hourly changes in direction that Ethereum’s price was taking. But within this larger context, one hour stood out: over $55 million in Ethereum long positions got liquidated in just this one hour, making this the second biggest hourly liquidation event in the past year. When using leverage, traders are required to maintain minimum margin amounts. If they don’t, their positions are closed—liquidated—from the least favorable side. And when several positions get liquidated at once, we have a cascade. A cascade is a not-an-assault-on-the-resort-kind-of-thing liquid event in which leverage detonates in a falling market, hitting the market harder in the downward direction. Ethereum Futures Open Interest Drops but Stays Above Trendline The futures market for Ethereum was affected directly by the mass liquidation, seeing a sharp downturn in open interest (OI). At the beginning of February, OI for Ethereum futures was at a healthy $20.5 billion. But the liquidations impacted OI heavily. We’re now sitting at $15.9 billion, which translates into roughly a $4.6 billion drop. This is certainly telling us something, and what it is saying is that a lot of speculative positioning has come off the table. Ethereum futures open interest has decreased, but the amount that remains suggests traders are still taking positions in the market. OI has dropped about 15% in the last month, but it stands at about $16.2 billion, which is well above where we would expect the OI to be given the number of pending trades on the Ethereum network. The next section will explore the implications of these OI levels on future market activity for Ethereum prices. Ethereum Spot ETF Sees Positive Net Inflows During the windfalls and adjustments to the futures market, the Ethereum spot ETF was hit by only a slight increase in its total net outflows of $16.88 million for the week, and on February 3 even saw some net inflows of $83.54 million. If you’re keeping score, none of this is actually good for the ETFs themselves, since they’re not supposed to be losing or gaining that much in value en route to an apparent goal of simply tracking the price of Ethereum. The crypto market has seen a significant new development in the form of Ethereum spot ETFs. These exchange-traded funds give traditional investors a chance to invest in Ether, the asset that powers the Ethereum network, in a regulated manner. And even if they haven’t yet been launched, the actual proposals are seen as a positive sign for the overall crypto market. On February 3, the total net outflow of Bitcoin spot ETFs was US$235 million, the first net outflow after the net inflow in the past 4 days. Fidelity ETF FBTC had a net outflow of US$177 million. Ethereum spot ETF had a total net inflow of $83.5404 million.… — Wu Blockchain (@WuBlockchain) February 4, 2025 What’s Next for Ethereum? The most recent market activity for Ethereum showcases the clash between speculation driven by leverage and true investment. The sharpness of the recent liquidation event can’t be overstated—it wiped out billions in futures positioning. Yet, despite this write-down, Ethereum’s open interest suggests that speculative interest remains. Should it continue building without true investment backing, the next liquidation event could be even sharper and hit even harder. Concurrently, the affirmative inflows into Ethereum spot ETFs signal that institutional investors are undaunted by ephemeral price movements. This trend appears to be one that could provide long-term stability to Ethereum’s price, buffering the effects of trading activity that is simply too highly leveraged. In the future, traders need to watch Ethereum’s OI levels closely because a further drop could imply a decrease in speculation—and, as a result, a more stable market. Reduced speculative use of Ethereum would mean its price is more tied to genuine demand and less to the forces unleashed when big traders bet either for or against it. Despite being a work in progress, the confidence that so many have in Ethereum seems to be intact. And that is valuable in and of itself, because the Ethereum Foundation and the many developers who have committed to the Ethereum ecosystem clearly need a certain modicum of confidence to keep carrying on with projects that have the potential to significantly rewire parts of our economy. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: nexusplexus/ 123RF // Image Effects by Colorcinch

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Tags : Crypto News crypto cryptocurrency ETH Ethereum whale Whales

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Whale Movement on Binance: $10M USDC Sent to Buy $MELANIA Tokens in Massive Transaction

A newly established wallet has made the news with a striking transaction that involved moving an immense amount of stablecoins and a deliberate play in the market. On-chain data reveal that the wallet took just under $10 million worth of USDC out of Binance, and that it then moved the bulk of that into a series of purchases that it made across various tokens. This has all the appearances of a very serious retail investor or institutional player making a bet, or a series of bets, in the market. And it is drawing considerable attention in crypto Twitter, especially thanks to a series of not-so-light purchases that have been made. Whale’s Strategic Moves Across Exchanges The first step of the operation was to spend $2 million USDC to buy 1,383,722 $MELANIA tokens. This purchase took place on an undisclosed exchange, thus drawing attention when the whale wallet was noted to have acquired a relatively large amount of tokens. The whale’s behavior seemed consistent with the kind of right-before-the-sunken-place-sinking strategy that some investors use. However, this wasn’t the last we saw of our dolphin. Following that, the wallet concentrated on JupiterExchange, where it deployed another $2 million USDC and used dollar-cost averaging to acquire more assets, thereby layering on more risk and increasing its exposure. Spreading out orders over time, at varying price levels, is something that many seasoned investors do to manage the risk that comes with making a large purchase all at once. By DCA-ing into more assets on top of what it had already acquired, this particular wallet seems to be positioning itself for a longer-term play in the market. The next part of the transaction is probably the most intriguing. The wallet, which still contained $6 million of the original USDC, used the whole amount to procure a colossal holding of $MELANIA tokens at the price of $1.496 per token. This meant that the wallet bought another 6,688,916 $MELANIA tokens, bringing the total amount held by the wallet to an impressive 6,688,916.4 $MELANIA. The purchase’s massive scope and the ability of the whale to shift that much capital have sent ripples through the crypto community, eliciting expressions of interest and a fair amount of speculation about what it all means. The Role of $MELANIA Token in the Market The $MELANIA token, which has received growing interest of late, seems to have secured the attention of this whale for its probable upward trajectory. Although the large-scale purchase was not accompanied by a specific statement of intent, there are several reasons that could explain why the whale is now in possession of a hefty stack of $MELANIA tokens. For starters, the $MELANIA token is often talked about as one of several nascent projects within the decentralized finance (DeFi) space that are well-positioned for growth. And a big investment like this one certainly seems to endorse that narrative. In light of the growing interest in DeFi tokens and new cryptocurrency projects, it’s possible that the whale views $MELANIA as an undervalued token. Whale behavior is typically aligned with that of high-net-worth individuals and even institutional investors. These folks tend to make sizable bets on relatively under-the-radar assets. They often seem to be front-running the next big thing in terms of asset appreciation. Furthermore, the shift might indicate that the whale is angling to enjoy a possible market transition. While the overall crypto market shows wild fluctuations, reasonable buys like this one could set a wallet-holder up very nicely for some unexpected returns when the token they hold surges in price. A newly created wallet has withdrawn 10M $USDC from #Binance . It spent $2M $USDC to buy 1,383,722 $MELANIA and sent another $2M $USDC for DCA on @JupiterExchange . The wallet currently holds 1,705,873 $MELANIA and retains $6M $USDC , which can be used to buy more $MELANIA or… pic.twitter.com/AkLSnBi6nT — Onchain Lens (@OnchainLens) February 4, 2025 The Potential Market Impact and Future Outlook The crypto market can feel the ripple effects of whale activity. When a big crypto transaction happens, it can stir up a whole lot of buying interest that moves the price of the asset around. This wallet executed a large transaction that had the potential to do exactly that with $MELANIA. If you saw this trade and thought, “The whale just bought $MELANIA; I should probably buy some too,” then you’d be an example of a crypto investor following the whale’s lead. The new token’s market can be unpredictable. Even with a large investment from a whale, unpredictability can still reign. Will Melania’s token ride the same wave that propelled the “whale of Wall Street” to his current office, or is that wave a different one? Which makes us ask: Who really is Melania? I mean, who is she really, in terms of just Enceladus? Valentine’s Day—February 14—is a day dedicated to Melania. By which I mean, by a Valentine’s Day card I send to a pre-Reformation Church priest. This is as close to “who Melania is” as I get. And in less than 40 pages, I will memorialize this state of affairs. The whale now possesses 6.6 million $MELANIA tokens, which means that this latest acquisition is almost certainly going to have a major impact on the token’s liquidity and price moves in the near term. If the whale keeps making these kinds of moves, we could start to see the $MELANIA token developing a deeper presence in the market. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: loft39studio/ 123RF // Image Effects by Colorcinch

A newly established wallet has made the news with a striking transaction that involved moving an immense amount of stablecoins and a deliberate play in the market. On-chain data reveal that the wallet took just under $10 million worth of USDC out of Binance, and that it then moved the bulk of that into a series of purchases that it made across various tokens. This has all the appearances of a very serious retail investor or institutional player making a bet, or a series of bets, in the market. And it is drawing considerable attention in crypto Twitter, especially thanks to a series of not-so-light purchases that have been made. Whale’s Strategic Moves Across Exchanges The first step of the operation was to spend $2 million USDC to buy 1,383,722 $MELANIA tokens. This purchase took place on an undisclosed exchange, thus drawing attention when the whale wallet was noted to have acquired a relatively large amount of tokens. The whale’s behavior seemed consistent with the kind of right-before-the-sunken-place-sinking strategy that some investors use. However, this wasn’t the last we saw of our dolphin. Following that, the wallet concentrated on JupiterExchange, where it deployed another $2 million USDC and used dollar-cost averaging to acquire more assets, thereby layering on more risk and increasing its exposure. Spreading out orders over time, at varying price levels, is something that many seasoned investors do to manage the risk that comes with making a large purchase all at once. By DCA-ing into more assets on top of what it had already acquired, this particular wallet seems to be positioning itself for a longer-term play in the market. The next part of the transaction is probably the most intriguing. The wallet, which still contained $6 million of the original USDC, used the whole amount to procure a colossal holding of $MELANIA tokens at the price of $1.496 per token. This meant that the wallet bought another 6,688,916 $MELANIA tokens, bringing the total amount held by the wallet to an impressive 6,688,916.4 $MELANIA. The purchase’s massive scope and the ability of the whale to shift that much capital have sent ripples through the crypto community, eliciting expressions of interest and a fair amount of speculation about what it all means. The Role of $MELANIA Token in the Market The $MELANIA token, which has received growing interest of late, seems to have secured the attention of this whale for its probable upward trajectory. Although the large-scale purchase was not accompanied by a specific statement of intent, there are several reasons that could explain why the whale is now in possession of a hefty stack of $MELANIA tokens. For starters, the $MELANIA token is often talked about as one of several nascent projects within the decentralized finance (DeFi) space that are well-positioned for growth. And a big investment like this one certainly seems to endorse that narrative. In light of the growing interest in DeFi tokens and new cryptocurrency projects, it’s possible that the whale views $MELANIA as an undervalued token. Whale behavior is typically aligned with that of high-net-worth individuals and even institutional investors. These folks tend to make sizable bets on relatively under-the-radar assets. They often seem to be front-running the next big thing in terms of asset appreciation. Furthermore, the shift might indicate that the whale is angling to enjoy a possible market transition. While the overall crypto market shows wild fluctuations, reasonable buys like this one could set a wallet-holder up very nicely for some unexpected returns when the token they hold surges in price. A newly created wallet has withdrawn 10M $USDC from #Binance . It spent $2M $USDC to buy 1,383,722 $MELANIA and sent another $2M $USDC for DCA on @JupiterExchange . The wallet currently holds 1,705,873 $MELANIA and retains $6M $USDC , which can be used to buy more $MELANIA or… pic.twitter.com/AkLSnBi6nT — Onchain Lens (@OnchainLens) February 4, 2025 The Potential Market Impact and Future Outlook The crypto market can feel the ripple effects of whale activity. When a big crypto transaction happens, it can stir up a whole lot of buying interest that moves the price of the asset around. This wallet executed a large transaction that had the potential to do exactly that with $MELANIA. If you saw this trade and thought, “The whale just bought $MELANIA; I should probably buy some too,” then you’d be an example of a crypto investor following the whale’s lead. The new token’s market can be unpredictable. Even with a large investment from a whale, unpredictability can still reign. Will Melania’s token ride the same wave that propelled the “whale of Wall Street” to his current office, or is that wave a different one? Which makes us ask: Who really is Melania? I mean, who is she really, in terms of just Enceladus? Valentine’s Day—February 14—is a day dedicated to Melania. By which I mean, by a Valentine’s Day card I send to a pre-Reformation Church priest. This is as close to “who Melania is” as I get. And in less than 40 pages, I will memorialize this state of affairs. The whale now possesses 6.6 million $MELANIA tokens, which means that this latest acquisition is almost certainly going to have a major impact on the token’s liquidity and price moves in the near term. If the whale keeps making these kinds of moves, we could start to see the $MELANIA token developing a deeper presence in the market. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: loft39studio/ 123RF // Image Effects by Colorcinch NullTx

Bitcoin (BTC) has long been the standard for cryptocurrency investments, while Ripple (XRP) dominates cross-border payments. However, THE OFFICIALMAGACOIN is emerging as a potential game-changer, with analysts predicting a breakout of up to 50,000%. What Makes THE OFFICIALMAGACOIN Stand Out? 1. Limited Supply for Maximum Value: With a total supply of 100 billion tokens, THE OFFICIALMAGACOIN leverages a deflationary model to ensure scarcity and drive demand. This gives it a major edge over tokens like Solana (SOL) and Kaspa (KAS), which have higher supply and more gradual demand growth. 2. Exclusive Sale Platform: THE OFFICIALMAGACOIN is only available at OFFICIALMAGACOIN , adding an exclusive appeal that many competitors lack. Unlike Solana or Optimism (OP), which are widely traded, this controlled distribution creates a sense of urgency for early investors. 3. Early-Stage Momentum: Raising $1 million within minutes, THE OFFICIALMAGACOIN has already proven its market appeal. With predictions of a 50,000% increase, it’s capturing attention as a high-potential token for investors seeking exponential returns. How It Stacks Up Against the Competition Solana (SOL, $25.01): Known for speed and scalability, but it lacks the exclusive presale advantage and early momentum of THE OFFICIALMAGACOIN. Kaspa (KAS, $0.12): A rising star in blockchain, yet its growth doesn’t match the explosive potential seen in this new token. Optimism (OP, $1.72): A solid project for scalability, but it’s overshadowed by THE OFFICIALMAGACOIN’s unique market positioning. Act Now Before It’s Too Late Analysts are calling THE OFFICIALMAGACOIN one of the most promising tokens for 2025, with unparalleled growth potential. Don’t miss this exclusive chance to invest in a token poised for a 50,000% breakout. Secure your tokens today, exclusively at OFFICIALMAGACOIN Website: officialmagacoin.com X/Twitter: https://x.com/officialMAGAx Continue Reading: 50x Growth in Sight? Why Solana & XRP Are Set for a Legendary Comeback!

50x Growth in Sight? Why Solana & XRP Are Set for a Legendary Comeback!

Bitcoin (BTC) has long been the standard for cryptocurrency investments, while Ripple (XRP) dominates cross-border payments. However, THE OFFICIALMAGACOIN is emerging as a potential game-changer, with analysts predicting a breakout of up to 50,000%. What Makes THE OFFICIALMAGACOIN Stand Out? 1. Limited Supply for Maximum Value: With a total supply of 100 billion tokens, THE OFFICIALMAGACOIN leverages a deflationary model to ensure scarcity and drive demand. This gives it a major edge over tokens like Solana (SOL) and Kaspa (KAS), which have higher supply and more gradual demand growth. 2. Exclusive Sale Platform: THE OFFICIALMAGACOIN is only available at OFFICIALMAGACOIN , adding an exclusive appeal that many competitors lack. Unlike Solana or Optimism (OP), which are widely traded, this controlled distribution creates a sense of urgency for early investors. 3. Early-Stage Momentum: Raising $1 million within minutes, THE OFFICIALMAGACOIN has already proven its market appeal. With predictions of a 50,000% increase, it’s capturing attention as a high-potential token for investors seeking exponential returns. How It Stacks Up Against the Competition Solana (SOL, $25.01): Known for speed and scalability, but it lacks the exclusive presale advantage and early momentum of THE OFFICIALMAGACOIN. Kaspa (KAS, $0.12): A rising star in blockchain, yet its growth doesn’t match the explosive potential seen in this new token. Optimism (OP, $1.72): A solid project for scalability, but it’s overshadowed by THE OFFICIALMAGACOIN’s unique market positioning. Act Now Before It’s Too Late Analysts are calling THE OFFICIALMAGACOIN one of the most promising tokens for 2025, with unparalleled growth potential. Don’t miss this exclusive chance to invest in a token poised for a 50,000% breakout. Secure your tokens today, exclusively at OFFICIALMAGACOIN Website: officialmagacoin.com X/Twitter: https://x.com/officialMAGAx Continue Reading: 50x Growth in Sight? Why Solana & XRP Are Set for a Legendary Comeback! NullTx

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