Ethereum Slides 10% on US-Israel Strike Reports as Whales Buy the Dip
Key Facts
- •Ethereum price dropped by approximately 9% in a single day following reports of missile attacks.
- •The prominent whale known as 'Machi Big Brother' faced forced liquidations of his positions again.
- •Geopolitical tensions escalated after the US and Israel launched missile attacks on Iran.
Ethereum's (ETH) price decline extended to 10% following reports of a joint military strike by the U.S. and Israel against Iran, intensifying global market volatility. The flash crash resulted in billions of dollars being wiped from Ethereum's market capitalization within a single day. While prominent whales like 'Machi Big Brother' faced massive forced liquidations, a counter-trend has emerged among large-scale investors. Several 'whales' have reportedly begun accumulating the asset, actively buying the dip despite the prevailing geopolitical risks. This divergence highlights a split in market sentiment between panic selling driven by Middle East tensions and strategic long-term accumulation. Traders are now closely watching whether this whale activity can provide a price floor as the macroeconomic landscape remains highly uncertain.
Get AI-powered deep analysis for every story with a paid subscription
Upgrade for Analysis