Gate News Bot Message, January 21st, according to CoinMarketCap data, as of press time, ETH (Ethereum) is trading at $2,964.12, down 7.01% in the past 24 hours, with a high of $3,397.90 and a low of $2,921.12. The 24-hour trading volume reached $33.467 billion. The current market capitalization is approximately $357.753 billion, down $26.958 billion from yesterday.
Important recent ETH news:
1️⃣ Increased Long Liquidation Pressure in Derivatives Market
Over the past 24 hours, the entire network experienced $335 million in liquidations, including $114 million in long positions on Ethereum, far exceeding the $4.45 million in short liquidations, indicating significant pressure on longs. Data shows that if ETH continues to decline to the $2,952 level, major CEXs could see total long liquidations reaching $807 million, creating a clear downward risk exposure. Meanwhile, well-known traders such as Huang Licheng, Maji Dage, Machi, and others have suffered consecutive liquidations, with unrealized losses accumulating into tens of millions of dollars, reflecting the fragility of high-leverage positions during a price decline.
2️⃣ Institutional Holdings Increase and On-Chain Staking Activity Rises
Companies like BitMine continue to expand their ETH holdings, with the latest disclosure showing holdings of 4.203 million ETH. They have also been authorized by shareholder meetings to increase the maximum number of shares they can issue, providing more financing space for further ETH accumulation. Meanwhile, the proportion of staked ETH has hit a new all-time high, reaching nearly 30% of circulating supply, with about 36.2 million ETH locked in staking. The market has over 2.6 million ETH queued for staking, while the redemption queue remains relatively limited, indicating holders’ confidence in long-term network participation. This structure shows that, despite price pressure, spot demand for ETH remains steady.
3️⃣ Diverging Sentiments Among Professional Traders and Abnormal Whale Behavior
One trader successfully closed a short position of 3,718.75 ETH held for 4 days, realizing a profit of $760,000. Meanwhile, several whales panic-sold a total of 5,000 ETH at high prices, worth over $16 million, revealing clear disagreement among traders about the market outlook. Notably, “buy low, sell high” whales have been continuously bottom-fishing within 11 hours, accumulating 12,200 ETH at an average price of $3,233, indicating strong bottom absorption willingness. On-chain position battles show bulls and bears tugging at the $3,000 level, and if derivatives short liquidations reach above $3,200, the total could hit $1.0-1.6 billion.
Currently, ETH’s price is at a critical point driven by a 7% daily decline. Short-term downside risks include chain reactions triggered by leveraged long liquidations, but on-chain fundamentals and institutional interest provide support. Macro variables such as Trump’s Davos speech could serve as catalysts for subsequent sharp volatility.
This message is not investment advice; please be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ledger Executive: If the US Bans Stablecoin Yields, Other Countries May Fill the Regulatory Gap
Ledger Asia-Pacific Head Shibayama stated that if the US implements a stablecoin yield ban, international discussions will increase. Countries like Australia have already provided regulatory exemptions, and currently most stablecoins do not offer yields to users. US regulatory bill progress has been slow due to opposition to prohibition clauses supported by the banking industry. Asian financial institutions' focus has shifted toward financial product tokenization and stablecoin issuance, rather than crypto-native products like DeFi.
GateNews6m ago
Will stablecoin yields be banned by the US? Ledger executive warns: the global regulatory landscape may be reshaped
Ledger's Asia-Pacific head Shibayama stated that if the US bans stablecoin yield distribution, it will trigger a new global cryptocurrency regulatory landscape, with some countries potentially introducing more attractive policies. The Asian market focuses more on blockchain infrastructure and tokenization of financial products, while large institutions show less interest in direct cryptocurrency asset investments. As regulation improves, institutional investors are becoming more cautious when selecting custodial service providers.
GateNews8m ago
ETH Breaks Through 2250 USDT
Gate News bot message: Gate market display shows ETH surpassing 2250 USDT, current price 2251.85 USDT.
CryptoRadar37m ago
Ethereum Foundation Sells 5,000 ETH to BitMine, Says Funds Will Be Used for R&D and Ecosystem Expenditures
The Ethereum Foundation announced the sale of 5,000 ETH to publicly listed company BitMine, with the transaction valued at approximately $10.2 million. These funds will be used for core operations. The Foundation is adjusting its treasury management based on its reserve policy and advancing staking strategies to reduce reliance on ETH sales. Community opinions are divided, with some supporting its treasury management practices while others express concerns about token concentration.
区块客41m ago
A Certain Cryptocurrency Trader's ETH 25x Long Position Unrealized Gains Exceed 110%, Changes Trading Style and Begins Active Position Reduction
Gate News reported that on March 16, Hyperinsight monitoring showed that as the market rallied, a certain cryptocurrency trader (codename "Maji") saw unrealized gains on their 25x long ETH position exceed 110%. The trader has changed their operating style from recent months of "continuous rallies with rolling positions all the way down," and has begun taking profits and reducing positions. As of press time, their 25x long ETH holdings have decreased to 7575 coins, with weekly profits reaching $1.26 million.
GateNews44m ago
ETH rises 0.87% in 15 minutes: Large capital inflows and Layer2 ecosystem positive catalysts drive rally
Between 2026-03-16 03:15 and 03:30 (UTC), ETH spot price rose 0.87% within the range of 2180.04 to 2209.64 USDT, with a volatility amplitude of 1.36%. During this period, trading volume and on-chain transfer activity increased significantly, with elevated market attention and intensified short-term fluctuations. Long and short positions engaged in fierce competition, with net capital inflows notably favoring ETH, driving rapid price appreciation.
The primary driver of this price movement was multiple large-scale ETH transfers on-chain and a surge in stablecoin conversion volumes, with major capital inflows into leading exchanges, boosting both spot and derivatives trading activity.
GateNews45m ago
