Ethereum Turns Negative for 2025 as Crypto Liquidations Exceed $1.1 Billion
BeInCrypto
Ethereum turned negative year-to-date after a sharp 7% drop, coinciding with over $1.1 billion in crypto liquidations.Summary
Ethereum and Bitcoin experienced sharp declines on November 4, leading to over $1.1 billion in forced liquidations across the crypto market within 24 hours, largely driven by the unwinding of overleveraged long positions. Ethereum broke below $3,400, turning its year-to-date performance negative for 2025, while Bitcoin fell near the critical $100,000 support level. Both assets showed near-oversold RSI readings. On-chain data indicates that large holders (whales and sharks) have been offloading Bitcoin, while retail traders have been accumulating during the drawdown. Analysts suggest a market bottom will only be signaled when whales switch from distribution to accumulation.
(Source：BeInCrypto)