The downward trend of Bitcoin (BTC) and altcoins that started in October continues, prices are falling to levels unseen for a long time.
Bitcoin has fallen to $60,000, a level not seen since October 2024, and the largest altcoin, Ethereum (ETH), has also dropped below $2,000.
Analysts claim that the market is in a bearish trend and prices may fall even further, highlighting three risky areas for Ethereum.
At this stage, the analytical platform for cryptocurrencies L*********n announced the presence of three liquidation zones on the Ethereum network, putting assets worth $1.76 billion at risk.
The company L*********n, using its X account, identified three main liquidation zones for Ethereum (ETH) on the blockchain and listed them as follows:
"The company T***d R******h owns 356,150 ETH (worth $671 million). These ETH are at risk of liquidation in the price range from $1562 to $1698."
Ethereum co-founder Joseph Lubin and two anonymous major investors own 293,302 ETH (worth $553 million). The price of these ETH is at risk in the range from $1329 to $1368.
A giant whale named 7 Siblings owns 286,733 ETH ($541 million). These ETH are still at risk of loss in the range from $1029 to $1075.
Last night, the Ethereum exchange rate dropped to around $1760 but later recovered and reached $1900. In the last 24 hours, ETH losses remain above 10%.