Ethereum Stuck at $1,500 Today — But Whale Siblings Just Bought $42M in ETH! What Do They Know?

Jakarta, Pintu News – Earlier this week, the cryptocurrency market was in turmoil again. On Monday (4/7/25), Ethereum experienced a sharp decline of more than 10%, dragging down almost the entire crypto market.

A whale reportedly lost more than IDR 1.8 trillion ($106 million) in funds due to a massive liquidation on the Maker platform. Negative sentiment enveloped the market after President Donald Trump’s controversial decision sparked global concerns.

Then, how will Ethereum price move today?

Ethereum Price Up 0.14% in 24 Hours

On April 8, 2025, Ethereum (ETH) was trading at approximately $1,593, or around IDR 27,029,532 — marking a modest 0.14% increase over the past 24 hours. Within that same period, ETH reached a daily high of IDR 27,277,805 and dipped as low as IDR 24,345,155, reflecting the ongoing market volatility.

At the time of writing, data from CoinMarketCap shows that Ethereum’s market capitalization stands at around $192.23 billion, with daily trading volume rising 85% to $44.66 billion within the last 24 hours.

Read also: 3 Token Unlocks to Watch Out for in the Second Week of April 2025!

Whale Ethereum (ETH) Forced to Liquidate, Trillions of Rupiah in Losses

Despite today’s slight increase, on Monday (4/7), Ethereum (ETH) fell from a price of more than IDR 30.5 million ($1,800) to around IDR 25.4 million ($1,500).

This sharp drop led one whale to liquidate 67,570 ETH that he had stored in the Maker protocol. The total value of this liquidation reached around IDR 1.8 trillion ($106 million), making it one of the largest incidents in recent months.

According to data from Lookonchain, this forced sell-off occurred within hours of the ETH price plummeting. Around the same time, other investors panicked and sold 14,014 ETH worth IDR 373 billion ($22 million).

This wave of panic is a strong indication that even big investors are unable to escape the brutal crypto market pressure.

Read also: 3 Crypto that Plummeted in Early April 2025!

Crypto markets in freefall, Trump effect a global trigger

Ethereum’s decline is not an isolated case. Bitcoin also fell below IDR 1.32 billion ($78,000), triggered by market concerns over President Trump’s aggressive tariff policies. The move exacerbated global economic uncertainty, and its effects were immediately felt in the cryptocurrency world.

Apart from ETH and BTC, major altcoins such as Ripple (XRP) slumped 10% to below IDR 32,200 ($1.9), and Binance Coin fell 5% to IDR 9.5 million ($562). Solana (SOL), Dogecoin , and Cardano even registered declines of around 11% each. The total crypto market capitalization shrank by about 8% to just IDR 44.1 quadrillion ($2.6 trillion).

While some whales are panicking, others are buying ETH

While many investors are selling in panic, some whales see opportunities in gold in this situation.

One of the famous whales with the nickname “7 Siblings” bought 24,817 ETH worth IDR 712 billion ($42 million). His total holdings now stand at more than 1.2 million ETH or the equivalent of IDR 32.2 trillion ($1.9 billion).

These investors are known to have spent nearly IDR 3.9 trillion ($230 million) since February to accumulate 103,543 ETH. But with the current market conditions, they have an unrealized loss of IDR 1.08 trillion ($64 million).

Data from IntoTheBlock also shows that whales bought 130,000 ETH when the price of ETH fell below IDR 30.5 million ($1,800).

ETH/BTC hits record lows, investors need to re-evaluate strategies

Also read: Crypto Fear & Greed Index Plummets to 17! Bitcoin Freefalls to $75,000 – Panic Hits the Market?

The ETH/BTC trading pair printed its lowest level since March 2020, dropping to 0.021. This suggests that Ethereum is losing dominance over Bitcoin in the short term. Many analysts expect this bearish trend to last until the market gets a new positive catalyst.

But as always in the cryptocurrency world, extreme volatility always opens up new opportunities. Investors are advised to reconsider their strategies, especially in the face of markets that are highly reactive to global political news.

All in all, this incident once again shows how fast and violent the crypto market can move. Even large investors like whales are not immune to liquidation pressure and negative sentiment.

But despite the huge losses, some see this as a rare opportunity to accumulate assets at a discount. The cryptocurrency world is always full of surprises-both painful, and profitable.

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Cryptobriefing. Ethereum whale loses over $100 million as price tumbles double digits. Accessed on April 8, 2025