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Ethereum plunges as whale sells $112M ETH, triggering $96M long liquidations and market panic

Market News
24 Sep 2026
AMBCrypto
View Source
Bearish
Ethereum plunges as whale sells $112M ETH, triggering $96M long liquidations and market panic

Ethereum's price dropped sharply from $2788 to a low of $2635, sparking over $96 million in long liquidations and a total of $114 million in liquidations across the market. A major whale sold 42,005 ETH worth $111.89 million, intensifying the sell-off and causing widespread panic among investors. This whale's exit, along with increased selling activity from other whales, signals uncertainty about the market's sustainability. However, some whales continue to accumulate, offering potential for a rebound if buying pressure strengthens and ETH closes decisively above $2700, potentially targeting $3000 next.

Following the recent large whale exit and market uncertainty, Ethereum's price on Pluang is currently Rp47.419.164, down 2.00% as of Sep 24, 2026 19:22 WIB. Despite the sell-off, buying interest remains strong with 73% of Pluang orders on the buy side and a typical hold time of 106 days, indicating some investors are maintaining their positions amid volatility.

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