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Ethereum Whales Amass $862M While $140M in Liquidations Push Price Below $4,000

Ethereum Whales Amass $862M While $140M in Liquidations Push Price Below $4,000

Bitget-RWA2025/09/25 09:56
By:Coin World

- Ethereum price fell below $4,000 on Sept 25, 2025, triggering $140M in liquidations including a $45.3M whale loss on Hyperliquid. - Whale activity showed mixed responses: 10 wallets accumulated $862M ETH while others sold $12.5M amid market volatility. - Analysts debate Ethereum's trajectory, with some predicting $7,000 rebounds and others forecasting capital shifts to Bitcoin as DeFi TVL drops to $50B. - MakerDAO whales face liquidation risks at $1,787-1,793 ETH prices, highlighting leveraged position f

Ethereum Whales Amass $862M While $140M in Liquidations Push Price Below $4,000 image 0

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(ETH) market saw a sharp decline on September 25, 2025, as prices fell below $4,000 for the first time since August 8. This drop led to widespread liquidations and shifted the behavior of major holders. Blockchain analytics provider Lookonchain revealed that a prominent whale address (0xa523) suffered a $45.3 million loss when its leveraged long position of 9,152 ETH ($36.4 million) was forcibly closed on the decentralized exchange Hyperliquid. This was among the largest single liquidations, contributing to a total of $140 million in ETH long positions wiped out during Asian trading hours, according to Coinglass Ether Whale Books $45M Loss as ETH Falls Below $4K [ 1 ].

ETH’s price fell to a low of $3,983 amid a broader crypto market slump, fueled by rising fears of a possible U.S. government shutdown. Over $100 million in leveraged positions were liquidated, with 90% being bullish bets, highlighting the market’s heavy leverage. The forced liquidation of the 0xa523 whale illustrated the dangers of high leverage, as their holdings dropped to less than $500,000 Ether Whale Books $45M Loss as ETH Falls Below $4K [ 1 ].

While individual investors were hit hardest by the selloff, whale activity painted a more complex picture. Some large holders took advantage of the price drop, withdrawing millions in ETH from exchanges. Lookonchain noted that 10 wallets pulled out 210,452 ETH ($862.85 million) from platforms such as Kraken and Galaxy Digital OTC, suggesting accumulation. Meanwhile, others sold off large amounts, including a $12.53 million ETH sale, as institutional and long-term investors repositioned their portfolios What Are Whales Doing as Ethereum Price Falls Below $4,000? [ 2 ].

The risks from liquidations extended to more than just individual traders. Two Ethereum whales, together holding 125,603 ETH ($238 million), were at risk of forced liquidation on MakerDAO if prices dropped further. The first whale, using 60,810 ETH as collateral for a $75 million

loan, faced liquidation if ETH hit $1,793, while the second, with 64,792 ETH, had a trigger price of $1,787 Ethereum Whales Face $238M Liquidation Risk as ETH Declines [ 3 ]. These cases underscored how fragile leveraged positions can be in a rapidly changing market.

Experts remain split on Ethereum’s short-term outlook. Some compare the current situation to June’s price action, predicting a possible rebound to $7,000 after a brief dip to $3,750. Others, such as Benjamin Cowen from Into The Cryptoverse, expect capital to flow back to

, with ETH’s market share likely to decline temporarily as investors seek safer assets What Are Whales Doing as Ethereum Price Falls Below $4,000? [ 2 ]. At the same time, the DeFi sector is under pressure, with Ethereum’s total value locked (TVL) in DeFi falling to $50 billion from $66 billion at the start of 2025, reflecting reduced confidence in the ecosystem Ethereum Whales Face $238M Liquidation Risk as ETH Declines [ 3 ].

The recent volatility has also sparked discussions about whether a bear market has begun. While Ethereum’s challenges are pronounced, Bitcoin’s price action remains a key influence. If Bitcoin drops below important support levels, it could worsen the downturn, pulling capital away from altcoins and increasing selling pressure Has Bitcoin Really Entered a Bear Market? Analyst Weighs In [ 6 ]. However, technical indicators for Ethereum, such as its position relative to the 200-day moving average and historical support levels like $69,354, suggest the possibility of stabilization if buyers return.

As the market processes these events, the interaction between institutional moves, regulatory changes, and broader economic trends will likely determine Ethereum’s direction. For now, the recent liquidations and whale maneuvers highlight the delicate balance between risk and opportunity in a crypto market increasingly shaped by leveraged trades and strategic accumulation Ether Whale Books $45M Loss as ETH Falls Below $4K [ 1 ] What Are Whales Doing as Ethereum Price Falls Below $4,000? [ 2 ] Ethereum Whales Face $238M Liquidation Risk as ETH Declines [ 3 ].

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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