Bitcoin Flash Crash Triggers $550M in Sunday Liquidations as Ethereum Rotation Builds
A Bitcoin whale sold 24,000 BTC worth $2.7 billion, triggering a flash crash and liquidations exceeding $550 million as Ethereum rallies with strong institutional buying.
- On Sunday, Bitcoin briefly plunged below $111,000 after a large holder offloaded more than 24,000 BTC, triggering liquidations that surpassed $550 million.
- This event followed a pattern of capital rotation as a long-dormant Bitcoin OG whale transferred large BTC amounts into exchanges to convert them into Ethereum.
- Ethereum rallied above $4,600, aiming for its highest weekly close ever, with whales and institutions accumulating about 179,000 ETH valued roughly at $806 million.
- Crypto trader BitBull described whale demand for Ethereum as "aggressive," noting its 300%+ rally over four months and calling this close a major confirmation against a bull trap.
- These developments suggest a pivotal market phase with a probable sustained shift from Bitcoin to Ethereum, though analysts caution a shakeout may precede further gains.
13 Articles
13 Articles
Bitcoin Flash Crash Triggers $550M in Sunday Liquidations as Ethereum Rotation Builds
Bitcoin (BTC) dropped under $111,000 in a sudden weekend flash crash after a whale offloaded 24,000 BTC, or more than $300 million at current prices, into thin liquidity.The whale sent the full balance to Hyperunite, with 12,000 BTC transferred Sunday alone, as CoinDesk reported earlier Monday. That move erased gains from Fed Chair Jerome Powell’s speech on Friday and sparked heavy forced selling across the market.The sudden selloff fueled liqui…
Cointelegraph
Cryptocurrency News | Cryptocurrency Prices | Market CapBitcoin whales swap BTC for Ether as trader sees ETH at $5.5K next
Bitcoin whales show interest in Ether over BTC with "aggressive" buying into the weekly close.
OG Whale Flips $2.6B Bitcoin Into Ethereum Positions – Details – MAXBIT
Bitcoin is entering a critical consolidation phase after a week of heightened volatility and selling pressure. Following its surge to a new all-time high of $124,500 just ten days ago, BTC has since retraced by more than 10%, now struggling to hold the $115K level as support. This pullback signals potential buying exhaustion, with analysts...
Bitcoin Falls 2.2% as Whale Sells $2B BTC to Buy Ethereum
Bitcoin fall about 2.2% in minutes, erasing $45 billion in value after a whale sold large amounts to buy Ethereum. The whale sold 18,142 BTC for $2 billion, swapped much of it for 416,598 ETH, and staked over $1.3 billion worth of ETH for long-term plans. Analysts note whales still hold huge BTC reserves, while more big players are shifting to Ethereum, which has surged 220% since April. Bitcoin took a hit on Sunday, dropping nearly 2.2% in just…
Bitcoin loses ground in front of Ethereum in the midst of institutional appetite. BTC fell momentarily below USD $111,000 this Monday before a slight recovery; it has lost 5% in the month while ETH rises more than 24%. *** Bitcoin loses ground in front of Ethereum in the middle of institutional interest rotation. Some whales are switching BTC for ETH, which denotes a change in the BTC market dropped momentarily below USD $111,000 this Monday. ET…
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