According to Lookonchain, the recent decline in ETH price led several small whales, particularly those engaged in swing trading, to panic sell large holdings. Specifically, wallet 0x3FF0 sold 3,158 ETH worth $7.51 million and wallet 0x4F12 sold 2,298 ETH for $6.24 million, both at a price of $2,378 per ETH. Additionally, wallet 0xBA04 deposited 2,645 ETH valued at $6.38 million to Bybit, suggesting potential upcoming sell pressure. These substantial liquidations indicate heightened volatility and bearish sentiment among short-term ETH holders, signaling increased downside risks for traders in the near term (Source: Lookonchain, June 22, 2025).

According to Lookonchain, smart trader 0xcB92 currently maintains an open short position of 40,000 ETH, valued at $90.3 million, with an unrealized profit exceeding $21.45 million. The position remains unclosed, signaling significant downward pressure on Ethereum's price and suggesting increased bearish sentiment among large market participants. This large-scale short could influence liquidations, volatility, and market direction for ETH and correlated altcoins in the near term (source: Lookonchain, x.com/lookonchain/status/1936614864363110595).

According to @EmberCN on Twitter, a trader has aggressively increased their 25x leveraged short ETH position from 2,636 ETH to 3,487 ETH as the market declined, moving their liquidation price down from $2,480 to $2,453. This kind of aggressive rolling of profits into a short position indicates significant bearish sentiment and increases both risk and potential reward. Such high leverage and position size can trigger volatility and cascading liquidations if ETH price rebounds, impacting broader crypto market sentiment and liquidity. (Source: @EmberCN Twitter, May 19, 2025)