ETH Market- Whale Activity Indicates Confidence Despite ETH Price Dip
ETH Market– Over the past 72 hours, Ethereum [ETH] experienced a classic case of leverage-driven volatility. As macroeconomic fears eased and risk appetite returned, futures traders positioned themselves for a potential breakout above $3,000. However, this momentum quickly reversed, creating a bull trap and forcing traders to unwind overextended bets. At press time, Ethereum [ETH] has dropped nearly 15% from its weekly high of $2,878, placing bulls under significant pressure.
Ethereum Leads Market Deleveraging
Ethereum’s market is currently undergoing a significant deleveraging phase, with ETH leading the correction. Open Interest (OI) for Ethereum [ETH] futures peaked at a record $41.45 billion on June 11, even surpassing previous bull market highs. Binance’s ETH OI alone surged 38% in five days, hitting $6.9 billion on June 10 — the second-highest level in 2025 so far.
This aggressive positioning was fueled by positive market signals: improved U.S.-China trade relations, dovish expectations for interest rates, and favorable CPI data. Bitcoin [BTC] also reacted strongly, rallying above $110,000. Yet, speculative capital concentrated heavily in Ethereum [ETH], making the recent pullback more severe. Within three days, ETH’s OI fell nearly 14% to $35.51 billion as traders either manually closed positions or were liquidated. According to reports, Ethereum absorbed nearly three times the deleveraging impact compared to Bitcoin.
Whale Activity Suggests Confidence Amid Retail Sell-Off
Following significant leverage unwind, a common pattern emerges where large holders buy the dip. Data from Lookonchain shows that while retail investors sold Ethereum in fear, a notable whale aggressively accumulated 48,825 ETH—valued at around $127 million—at an average price near $2,605. This behavior reflects a potential floor forming, even as broader market uncertainty persists.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
