Ethereum price breaks through key defense line of $4000, market panic spreads instantly

Ethereum has played extreme games in this bull market. Rising like a wild horse galloping wildly, falling like a kite breaking its string, without any transition. 5% fluctuation every now and then, the ‘shanzhai leader’ lives up to its name.

Today’s market is experiencing an accelerated decline, with the lowest point reaching around 3910. The selling pressure sentiment has visibly strengthened, and the large bearish candlestick on the weekly chart is a clear sign – the short selling volume has not ended yet. Ethereum crash triggers liquidation wave, giant whale sweeps billions against the trend

Ethereum price breaks through the key defense line of $4000, and market panic spreads instantly. In just 12 hours, the total amount of liquidated positions on the entire network exceeded 330 million US dollars, with one heavy trader losing over 45 million US dollars in a single transaction, which is shocking in terms of its bloody nature.

However, just as retail investors are rushing to flee, on chain data presents a completely different picture. 11 mysterious wallet addresses have quietly withdrawn nearly 300000 ETH from major exchanges and OTC platforms in the past 72 hours, with a total value of nearly 1.2 billion US dollars. The owners behind these addresses are obviously not ordinary players.

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