Coinspeaker
Sep 25, 2025
12 1

Ethereum Falls Below $4,000 Triggering Major Liquidations

Ethereum fell below $4,000 on Sept. 25, losing approximately $22 billion in market cap within hours. This decline triggered significant market liquidations.

  • The trader known as 0xa523 faced a complete liquidation of a 9,152 ETH long position, resulting in losses exceeding $45.3 million, leaving under $500K in the account.
  • ETH is currently trading near $4,030, reflecting a weekly drop of 12%.
  • Spot Ether ETFs have experienced net outflows of $296 million this week.

Whale Activity and Exchange Reserves

  • Ten new wallets acquired 201,000 ETH, valued at roughly $855 million, indicating whale accumulation during the price dip.
  • On-chain data shows centralized exchange ETH reserves at their lowest since 2016, with only 14.8 million ETH held, down 20% since mid-July.
  • The exchange supply ratio has reached a nine-year low of 0.14, suggesting strong institutional demand and long-term confidence in ETH.

Market Outlook

  • Crypto strategist Ted predicts ETH could reach $10,000 in the current bull cycle, viewing $3,800 as a strong buying zone.
  • Tom Lee of BitMine Technologies forecasts a rally to the $12,000-$15,000 range by year-end.
  • ETH is trading about 18% below its all-time high of $4,953, but ongoing accumulation may signal a potential rebound.