Ethereum (ETH) — Onchain News & Whale Tracking

Ethereum Drops Below $2900

On November 26th, based on HTX market data, Ethereum fell below $2,900, experiencing a 24-hour decline of 3.00%.

If Ethereum breaks $3,000, the mainstream CEX total short liquidation volume will reach $794 million

On November 26th, based on Coinglass data, if Ethereum breaks through $3000, the cumulative short liquidation intensity on mainstream CEXs will reach $794 million. Conversely, if Ethereum falls below $2850, the cumulative long liquidation intensity on mainstream CEXs will reach $426 million. BlockBeats Note: The liquidation chart does not display the precise number of contracts awaiting liquidation or the exact value of contracts that have been liquidated. The bars on the liquidation chart actually represent the relative significance of each liquidation cluster in relation to neighboring clusters, that is, intensity. Therefore, the liquidation chart shows to what degree the target price will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a more intense response due to a liquidity avalanche once it reaches that level.

Ethereum Outflow Slows Down, with a 24-hour CEX Net Outflow of 2416.40 ETH

On November 26th, according to Coinglass data, in the past 24 hours, there has been a net outflow of 2416.40 ETH from CEX. The top three CEXs with the largest outflows are as follows: · Binance, with an outflow of 15,900 ETH; · Gemini, with an outflow of 5499.87 ETH; · Gate, with an outflow of 1747.88 ETH. In addition, OKX saw an inflow of 5884.87 ETH and ranked first in the inflow list.

New Exchange Bitcoin and Ethereum Perpetual Futures First Day Trading Volume Reaches About $35 Million

On November 25th, on the very first day of the launch of Bitcoin and Ethereum perpetual futures on the Singapore Exchange (SGX), nearly 2000 contracts were traded, with a nominal value of around $35 million. The closing open interest was approximately 58 contracts, which is equivalent to about $1 million. The trading showed tight spreads. The funding rate remained stable at 3 basis points, and the liquidity was healthy. Eight clearing members participated in the support, namely Bright Point, Guotai Junan Futures, KGI, Marex, Nanhua, Oriental Futures, Phillip Nova, and StoneX.

Ethereum Surges Above $2900

On November 25th, based on HTX market data, Ethereum experienced a rebound and broke through the $2900 level. It is currently trading at $2901.

BitMine's Ethereum Holdings are Currently Showing an Unrealized Loss of $4.25 Billion

On November 24th, LookOnChain made a post on social media stating that Tom Lee's BitMine purchased 69,822 ETH the previous week (approximately $197.25 million), and currently holds 3,629,701 ETH (approximately $10.25 billion). The average purchase price is approximately $3,997, and BitMine currently has an unrealized loss of $4.25 billion.

Affected by the EIP-1559 Upgrade, Ethereum's ecosystem has reached a new all-time high for daily TPS.

On November 24th, based on data from growthepie, the daily average TPS (transactions per second) of the Ethereum ecosystem has achieved a historical high. The 7-day average daily TPS is 364.52, and the peak TPS reaches 24,192. The market share of L2 is as high as 95.35%. It is worthy of note that Perp DEX Lighter has made a substantial contribution to this.

A High-Leverage Whale Liquidates an Ethereum Long Position, Profiting Over $230,000 in 1 Hour

Ethereum's 7-day Net Supply Change Increases by 18,019 ETH

On November 23rd, based on data from Ultrasound.money, the net supply of Ethereum in the past 7 days has increased by 18,019 ETH. The total supply of Ethereum now stands at 121,234,582 ETH, and the supply growth rate is 0.776% per year.

If Ethereum breaks $2900, the mainstream CEX cumulative short liquidation strength will reach $531 million

On November 23rd, based on Coinglass data, if Ethereum surpasses $2900, the cumulative short liquidation intensity on mainstream CEX will amount to $531 million. Conversely, if Ethereum drops below $2700, the cumulative long liquidation intensity on mainstream CEX will reach $988 million. BlockBeats Note: The liquidation chart does not disclose the exact number of contracts awaiting liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the relative significance of each liquidation cluster in relation to adjacent clusters, that is, intensity. Therefore, the liquidation chart shows to what degree the target price will be influenced when it reaches a specific level. A higher "liquidation bar" indicates that the price will experience a more intense reaction due to a liquidity avalanche.

Bitcoin Surges Above $86,000, Ethereum Breaks $2,800

Update: On November 23rd, based on HTX market data, Bitcoin saw a rebound and exceeded $86,000, currently trading at $86,056. Ethereum also broke through $2,800 and is now priced at $2,808.

This week, the US Ethereum Spot ETF saw a total net outflow of $500.2 million

On November 22nd, based on Farside's monitoring data, this week the US Ethereum spot ETF witnessed a total net outflow of $500.2 million.

If Ethereum falls below $2600, the mainstream CEX cumulative short liquidation pressure will reach $993 million.

On November 22nd, according to Coinglass data, in the event that Ethereum drops below $2600, the cumulative intensity of long liquidation on mainstream CEXs will reach $993 million. Conversely, if Ethereum surges above $2900, the cumulative intensity of short liquidation on mainstream CEXs will reach $1.07 billion. BlockBeats Note: The liquidation chart does not provide the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, intensity. Therefore, the liquidation chart shows the extent to which the target price will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that when the price reaches that level, there will be a more intense reaction due to a surge in liquidity.

Grayscale Ethereum Trust (ETHE) has generated $7.9 million in staking rewards

On November 22nd, Grayscale CEO Peter Mintzberg disclosed in a post that since the commencement of its two Ethereum exchange-traded funds, namely the Grayscale Ethereum Trust ETF and the Grayscale Ethereum Mini Trust ETF, investors have reaped $7.9 million in rewards, thereby making it the product with the highest earnings of its kind.

Net Outflow Ends Eight-Day Run, Yesterday's US Spot Ethereum ETF Sees Net Inflow of $55.7 Million

On November 22nd, as per farside monitoring, the net inflow of $55.7 million into the US Ether ETF yesterday came to an end of the consecutive net outflow for 8 consecutive trading days. This includes: · The net outflow of ETHA was $53.7 million; · The net inflow of FETH was $95.4 million; · The net inflow of ETHW was $6.3 million; · The net inflow of Grayscale ETH was $7.7 million.

LeverageShares to Launch 3x Long/Short Bitcoin and Ethereum ETF in Europe

On November 22nd, the London-based ETF issuer LeverageShares is scheduled to launch the world's first 3x Long/Short Bitcoin and Ethereum ETF in Europe next week. Four new products (Bitcoin 3x Long, Bitcoin 3x Short, Ethereum 3x Long, Ethereum 3x Short) will be listed on the Swiss SIX Exchange, further expanding the company's existing leveraged product range.

Bitcoin Falls Below $83,000, Ethereum Drops Below $2,700

On November 21st, according to HTX market data, Bitcoin fell below $83,000, with a 24-hour decline of 8.3%. Ethereum also dropped below $2,700, with a 24-hour decrease of 9.5%.

Bitmine Overtakes Blackrock as Ethereum’s Largest Holder, Holding Approximately 3.623 Million Coins

On November 21st, as per the monitoring of LookOnChain, Bitmine increased its holdings of Ethereum by 63,123 ETH (valued at $174 million) this week. As a result, its holdings have reached 3,623,002 ETH (worth $9.96 billion), surpassing BlackRock and becoming the largest holder of Ethereum. Meanwhile, BlackRock has decreased its Ethereum holdings by 43,237 ETH (worth $1.19 billion) today. Currently, it holds 3,604,966 ETH (worth $9.91 billion).

Bitcoin Surges Above $82,000, Ethereum Reaches $2,700

On November 21st, according to HTX market data, Bitcoin has seen a rebound and exceeded $82,000. Meanwhile, Ethereum has risen to $2,700.

BlackRock deposited 4,198 Bitcoins and 43,237 Ethereums into Coinbase Prime.

On November 21st, as per the monitoring of LookOnChain, BlackRock has just placed 4,198 Bitcoins ($348 million) and 43,237 Ethereum ($117 million) into Coinbase Prime.

A whale has deposited 5 million USDC into HyperLiquid for the first time, going 20x long on Ethereum

On November 21st, as per the monitoring of Onchain Lens, a whale initially deposited 5 million USDC into HyperLiquid and initiated a 20x leveraged long position in ETH. Currently, the position is valued at 27 million US dollars and holds 10,000 ETH.

Bitmine's Ethereum Staking Position Faces a Floating Loss of 31.87%, with the Unrealized Loss Amounting to $4.531 Billion

On November 21st, when combined with the compiled Bitmine latest position data by analyst Yujin, as of the 21st, Bitmine holds 3.56 million ETH. The average price is $4009. The unrealized loss ratio is 31.87%, and the unrealized loss amount is $4.531 billion.

Bitcoin is down 9.88% year-to-date, while Ethereum is down 17.88%.

On November 21st, according to HTX market data, Bitcoin rapidly dropped below $82,000 in the afternoon. As of the time of writing, Bitcoin is currently trading at $84,271, with a cumulative decrease of 9.88% this year. In addition, Ethereum has experienced a cumulative decrease of 17.88% this year.

「Buddy」 Liquidated, Immediately Reopens 25x Ethereum Long

On November 21st, based on Hyperinsight's monitoring, after undergoing liquidation, the "Whale" reopened a 25x long position in Ethereum with only $14,900 remaining in the account. Currently, it holds 100 ETH, and the liquidation price is $2635. Previously, during the recent sharp sell-off, the "Whale"'s ETH (25x) long position was completely liquidated, resulting in a loss of $1.05 million in this transaction.

The 25x Ethereum Long of "Buddy" has been fully liquidated, with a total loss exceeding $20.23 million

On November 21st, as per the monitoring of Onchain Lens, although the "buddy" had begun to deleveraging half an hour ago to avoid liquidation, during the recent rapid sell-off, the "buddy's" ETH (25x) long position was completely liquidated. This led to a loss of $1.05 million in this transaction. Overall, the "buddy" suffered a loss of over $20.23 million, and there was only $15,538 remaining in the wallet.

「Buddy」 to Avoid Liquidation, Reduce 25x Ethereum Long Position

On November 21st, according to the monitoring of Hyperinsight, in order to avoid liquidation, the "Big Player" has just decreased the scale of their long position in Ethereum by 25 times. As of the time of this writing, their long position has been reduced to 500 ETH, and the latest liquidation price is $2,755. This morning, the "Big Player" once again deposited 115,000 USDC into HyperLiquid to continue increasing their 25x leveraged long position in ETH, with a liquidation price of $2,818.30.

Yesterday the US Ethereum Spot ETF saw a net outflow of $2.616 billion

On November 21, based on Farside's monitoring data, yesterday the net outflow of the US Ethereum spot ETF was $261.6 million, and no ETF recorded any inflows.

「CZ's Short Squeeze」 Whale Longs Face Nearly $32 Million Loss, Ethereum Long Liquidation Price at $2,528

On November 21st, according to EmberCN's monitoring, the "CZ Whale's Counter Trade" whale, which has a long position with a value of $2.61 billion, is currently facing an unrealized loss of $31.84 million. The liquidation prices for the long position are as follows: ETH at $2,528 and XRP at $1.55. "After closing his short position on ASTER a few days ago, he made a decision to go long on ETH and XRP, opening a position worth nearly $3 billion. The recent price drop has led to significant losses."

Analysis: The recent cryptocurrency market downturn has been primarily driven by retail investors selling off Bitcoin and Ethereum, as well as the launch of a physically-backed Ethereum ETF.

On November 21st, a J.P. Morgan analyst declared that the recent pullback in the crypto market - which was particularly intensified after Bitcoin fell below the bank's estimated $94,000 production cost/support level - was primarily driven by retail investors selling off Bitcoin and Ethereum spot ETFs rather than by native crypto traders. “In October, although crypto-native investors triggered a market pullback through significant deleveraging (especially in perpetual contracts), this deleveraging in perpetual contracts appears to have stabilized in November,” J.P. Morgan Managing Director Nikolaos Panigirtzoglou and his team wrote in a report on Wednesday. “Instead, the main force driving the continuous crypto market pullback in November is non-crypto investors, especially those retail investors who entered the crypto market through Bitcoin and Ethereum spot ETFs.” The analyst pointed out that so far this month, retail investors have withdrawn approximately $4 billion from Bitcoin an

「Whale Friend」 Further Increases Ethereum Long Position by 25x, Liquidation Price at $2,818.30

On November 21st, as monitored by OnchainLens, "Buddy" Huang Lilin once more deposited 115,000 USDC into HyperLiquid to continuously increase his 25x leveraged long position in ETH. The liquidation price was $2,818.30. Interestingly, during the opening process, he was partially liquidated.

Ethereum Drops Below $2900

On November 21st, according to HTX market data, Ethereum dropped below $2900, witnessing a 24-hour decline of 2.93%.

Coinbase Launches Ethereum Staking Loan Service, Allowing Users to Borrow up to $1 Million

On November 20th, according to The Block, Coinbase has enlarged its on-chain lending product to incorporate Ethereum (ETH) as collateral. Qualified customers are able to borrow up to $1 million in USDC without the need to sell their cryptocurrency. This loan is supported by the Morpho lending protocol.

Ethereum Treasury Company FG Nexus Sells 10,922 ETH for Share Buyback

On November 20th, the Ethereum Treasury Company FG Nexus sold 10,922 ETH in order to buy back shares and retained 40,005 ETH.

Ethereum Falls Below $3,000, 24-hour Decrease of 2.3%

On November 20th, based on HTX market data, Ethereum dropped below $3,000, experiencing a 24-hour loss of 2.3%.

Opinion: Vitalik's Influence to Weaken as Institutions Hold More ETH, Ethereum Could Become More "Wall Streetfied"

On November 20th, according to Arkham Data, the co-founder of Ethereum, Vitalik Buterin, currently holds approximately 244,000 ETH (including AETHWETH), which is worth about 7.4 billion US dollars. He ranks second in individual ETH holdings, only second to Ethereum ICO investor Rain Lohmus, who holds as much as 250,000 ETH. However, his ranking is facing a double challenge from cryptocurrency treasury (DAT) companies and spot ETFs. The three largest Ethereum cryptocurrency treasury (DAT) companies have surpassed Vitalik. Bitmine holds 3.56 million ETH, SharpLink holds 869,000 ETH, and The Ether Machine holds 496,000 ETH. Regarding spot ETFs, BlackRock holds about 3.94 million ETH, accounting for approximately 3.27% of the total supply. Fidelity and Grayscale's spot ETH are also steadily increasing. The community has begun to worry that Vitalik's influence may be weakened due to the decrease in his holdings. Since the founder's governance influence is crucial for the future developmen

Vitalik on Ethereum's Relationship with Wall Street: They are Ethereum Users, We are Power Users

On November 20th, the co-founder of Bankless, @RyanSAdams, presented a clip of his interview with Vitalik on X. During the interview, the host asked, "How do you perceive Ethereum's connection with Wall Street?" Vitalik responded by saying, "Regarding Wall Street, I consider them as users. In Ethereum, we are 'pro-users.'" Yesterday, in a speech, Vitalik issued a warning, stating that if institutional ETH holdings continue to increase, Ethereum will face two significant threats (developer outflow and pressured technical roadmap).

Yesterday Bitcoin Spot ETF saw a net inflow of $75.4 million, while Ethereum Spot ETF saw a net outflow of $37.4 million

On November 20th, according to the monitoring of Farside Investors, the net inflow of the US Bitcoin spot ETF yesterday was $75.40 million, and the net inflow into the BNY Mellon IBIT was $60.60 million. The Ethereum spot ETF witnessed a net outflow of $37.40 million, with a net outflow of $24.60 million from the BNY Mellon ETHA. The SOL spot ETF had a net inflow of $48.50 million yesterday, and there was a net inflow of $35.90 million into BSOL.

Aztec has announced the launch of a Ethereum-based decentralized L2 Ignition Chain.

On November 20th, according to official information, the zero-knowledge privacy technology project Aztec has launched a decentralized L2 Ignition Chain built on Ethereum. This network will act as the decentralized consensus layer that supports the Aztec Network. In previous news, Aztec announced the commencement of the AZTEC token sale, and more than 300,000 addresses qualified for the whitelist.

Vitalik Warning: Institutional ETH Holdings Continue to Expand, Ethereum Will Face Two Major Threats

On November 20th, at the Argentina Devcon conference, the founder of Ethereum, Vitalik Buterin, issued a warning. He stated that if the institutional holdings of Ethereum continue to rise, Ethereum will encounter two significant threats. The primary risk is the possibility of alienating those who truly care about decentralization and core developers, which could result in the erosion of the community. The secondary risk is making incorrect technical decisions; institutional pressure may lead to inappropriate technical decisions, such as setting a block time of 150 milliseconds. This benefits high-frequency trading but hinders regular users from running nodes, potentially leading to geographic centralization. Vitalik emphasized that Ethereum should focus on its global, permissionless, and censorship-resistant protocol characteristics. It is necessary to maintain a strong core community and uphold the values that set Ethereum apart from traditional finance. It is reported that currentl

BlackRock Submits Ethereum Trust ETF Filing in Delaware

On November 20th, BlackRock (iShares) submitted a filing for an Ethereum Trust ETF in Delaware.

Ethereum Surges Above $3,000

On November 20th, according to HTX market data, Ethereum has risen above $3,000, and the 24-hour decline has narrowed to 4.06%.

Ethereum Price Drops to $2900

On November 20th, based on HTX market data, Ethereum fell to reach $2900, experiencing a 24-hour decline of 7.22%.

Ethereum Deposit Synchronization Delay Continues, CEX Net Inflow of 60,200 ETH in the Last 24 Hours

On November 19th, based on Coinglass data, in the past 24 hours, the total net inflow of ETH on CEX was 60,200 ETH. The top three exchanges in terms of inflow volume are as follows: · Binance, with an inflow of 164,700 ETH; · Bybit, with an inflow of 37,200 ETH; · Gate, with an inflow of 5759.03 ETH. In addition, Bitfinex witnessed an outflow of 18,900 ETH and ranked first in the outflow list.

If Ethereum breaks through $3200, the mainstream CEX cumulative short liquidation pressure will reach 8.9 billion.

On November 19th, based on Coinglass data, if Ethereum breaks through $3200, the cumulative short liquidation intensity of mainstream CEX will amount to 890 million. Conversely, if Ethereum drops below $3000, the cumulative long liquidation intensity of mainstream CEX will reach 420 million. BlockBeats Note: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to neighboring clusters, that is, intensity. Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. A higher "liquidation bar" indicates that the price reaching that level will trigger a more pronounced reaction due to a liquidity cascade.

Movement Foundation: will transfer a portion of the tokens from the Ethereum mainnet MOVE Treasury Reserve to the native chain

On November 19th, the Movement Foundation issued a statement on the X platform. It mentioned that after fulfilling the buyback commitment for four months, in order to enhance the transparency of the tokens in the buyback wallet, it intends to transfer a portion of the tokens from the MOVE Strategic Reserve on the Ethereum mainnet to the Strategic Reserve on the native Movement Network to provide support for ecosystem projects and incentive measures. The Movement also stated that it will continuously and regularly send ERC-20 tokens to exchanges to supplement and rebalance the token supply, thereby enabling the withdrawal functionality again.

Ethereum Falls Below $3,000

On November 19th, according to HTX market data, Ethereum fell below $3,000, experiencing a 24-hour loss of 0.2%.

The $1 Billion Ethereum Treasury Plan Led by Li Lin and Xiao Feng Has Been Suspended

On November 19th, according to Wu Said's report, the $1 billion Ethereum Treasury Plan led by Li Lin with Xiao Feng, Shen Bo, Cai Wensheng, and others has been put on hold, and the funds raised have been returned. This plan was the largest-scale DAT led by Asian investors. Insiders speculate that the main reason for the shelving is the bearish market trend after the 1011 incident, with the stock prices of many DAT companies experiencing significant declines recently. Regarding whether the plan will be restarted, relevant parties stated that investor interests will be given priority, and the current situation still requires market observation and corresponding actions. It is reported that the current mainstream Ethereum Treasury (DAT) companies' mNAV has fallen below 1, with Bitmine dropping to 0.86 and SharpLink dropping to 0.85. Previously, according to Bloomberg, Li Lin was collaborating with Shen Bo, Xiao Feng, and Meitu founder Cai Wensheng, as well as other early Asian Ethereum

Yesterday the US Bitcoin spot ETF saw a net outflow of $3.728 billion, while the Ethereum spot ETF saw a net outflow of $74.2 million

On November 19th, according to Farside monitoring data, the net outflow of the US Bitcoin spot ETF yesterday was $372.8 million, and the net outflow of BlackRock's BIT was $523.2 million. The net outflow of the Ethereum spot ETF was $74.2 million, and the net outflow of BlackRock's ETHA was $165.1 million.

「Buddy」 Continues to Deposit More Funds and Lever Up 25x on Ethereum Long Position, Bringing Total Position Size to $11.56 Million

On November 19th, as monitored by HyperInsight, "buddy" deposited 234,900 USDC into Hyperliquid last night in order to increase his 25x long position in ETH. As of the time of this writing, he is still adding to his long position in ETH. Currently, he is holding 3,725 ETH with a position value of $11.56 million and has an unrealized gain of $142,000.

Ethereum Surges Above $3,100

On November 18th, according to HTX market data, Ethereum rebounded and exceeded $3100. The 24-hour decrease was narrowed to 0.21%.