The downward trend in Bitcoin (BTC) and altcoins that began in October continues, with prices falling to levels not seen in a long time.
Bitcoin fell to $60,000, its lowest level since October 2024, while the largest altcoin, Ethereum ($ETH) also fell below $2,000.
Analysts argue that the market is in a bear market and the price could fall further, with three areas of risk for Ethereum.
At this point, crypto analytics platform Lookonchain announced that Ethereum has three liquidation zones, with $1.76 billion in assets at risk.
Lookonchain has identified three major on-chain liquidation zones for Ethereum through the X Account ($ETH), and list them as follows:
- “Trend Research has 356,150 $ETH (equivalent to $671 million). these $ETH The price range of $1,562 to $1,698 is at risk of liquidation. ”
- Ethereum co-founder Joseph Rubin and two anonymous whales own 293,302 $ETH (valued at $553 million). this $ETH You are exposed to a range of $1,329 to $1,368.
- 7 Giant whales named Brothers have 286,733 fish $ETH ($541 million). these $ETH There is still risk in the $1,029 to $1,075 range.
Ethereum fell to levels around $1,760 during yesterday’s selloff, but has since recovered to reach $1,900. $ETHLosses remain above 10% over the past 24 hours.
*This is not investment advice.
