Ethereum Updates: Major Investor Faces $10M Loss, Highlighting Crypto's Sensitivity to Diminishing Rate-Cut Expectations and ETF Withdrawals

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Bitget-RWA2025/11/19 18:58

By:Bitget-RWA

A whale recently saw their 17,804

ETH

long position forcibly closed, resulting in a realized loss exceeding $10 million over the last two months,

based on the latest market reports

. This incident highlights the ongoing turbulence in the crypto market, where

Ethereum

(ETH) and

Bitcoin

(BTC) have both experienced sustained downward trends due to changing macroeconomic forecasts and significant institutional withdrawals

as noted by market analysts

. Since the middle of October, spot ETF redemptions for both

BTC

and ETH have picked up speed, indicating a drop in interest from both institutional and retail investors.

Bitcoin spot ETFs alone saw $373 million withdrawn

on Tuesday, reducing net assets from $170 billion on October 6 to $122.29 billion.

Ethereum ETFs also experienced $74 million in outflows

, with total inflows at $12.88 billion and net assets standing at $19.6 billion.

Ethereum Updates: Major Investor Faces $10M Loss, Highlighting Crypto's Sensitivity to Diminishing Rate-Cut Expectations and ETF Withdrawals image 0

Technical analysis continues to point to a bearish trend.

Bitcoin is still trading below its 50-day exponential moving average

($105,872), and a "death cross" has formed as the 50-day EMA dropped beneath the 200-day EMA ($106,998). The daily Relative Strength Index (RSI) has slipped into oversold territory, indicating ongoing downward momentum. At the same time,

Ethereum has failed to maintain levels above $3,100

, a key support, with $98 million in positions liquidated in the last day.

Even with the prevailing bearish sentiment, Ethereum's network is still advancing.

The Ethereum Improvement Proposal (EIL)

is designed to bring together layer-2 solutions under a unified wallet interface, similar to how the HTTP protocol standardized the internet. Leveraging ERC-4337 account abstraction, EIL aims to simplify cross-chain operations and lessen dependence on centralized systems. Nevertheless, these developments have not eased recent price swings, as

XRP's derivatives market activity remains muted

following October's rapid price drop.

Major institutions are also influencing the market's direction.

BlackRock was the primary driver of Bitcoin ETF redemptions

in November, pulling out $523 million and contributing to nearly $3 billion in total crypto ETF outflows.

Savvy traders have increased their short positions by $5.7 million

in the past 24 hours, signaling expectations of further declines.

Current market pricing reflects a 46% probability

of a 25 basis point rate cut at the Federal Reserve's December meeting, a sharp decrease from 93.7% just a month earlier.

The forced closure of the 17,804 ETH position illustrates the vulnerability of leveraged trades in a tightening macroeconomic climate. With ETF outflows continuing and optimism for rate cuts waning, the crypto market remains at risk of deeper pullbacks unless institutional demand recovers.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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