ETH Gets Spooked? 140K+ Coins Vanish in a Day! 😱

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ETH Gets Spooked? 140K+ Coins Vanish in a Day! 😱

Well, well, well. Look at this—ethereum decided to throw a tantrum and pulled a Houdini with a whopping 140,120 ETH fleeing the scene faster than your last Tinder date. And all in one glorious day. Cheers to market chaos! 🍾

Sentora—formerly IntoTheBlock (because everyone loves a good identity crisis)—tweeted that the cosmos of crypto was witnessing the biggest one-day withdrawal in over a month. Basically, traders couldn’t hold onto their ETH, probably because they got bored or maybe just wanted to flex their withdrawal muscles. Either way, it was a lot of ETH: valued at roughly $393 million, disappearing into the ether (literally).

Yesterday, more than 140,000 ETH, worth roughly $393 million, flowed out of exchanges, marking the largest single-day withdrawal in over a month.

— Sentora (previously IntoTheBlock) (@SentoraHQ) June 12, 2025

This mass exodus coincided with ETH soaring past $2,760. Funny, isn’t it? Last time similar drama played out on May 12, folks were pulling ETH at a steal—around $2,520 per coin. Now? Everyone’s just lapping it up and taking their coins offline, probably to get some peace from the madness.

ETH Futures Open Interest Hits a Mind-Blowing $20 Billion 💸

Meanwhile, Glassnode—who clearly enjoys stirring the pot—revealed that Ethereum futures open interest (fancy talk for “people betting their money and hoping for a win”) hit a record-shattering $20 billion. Traders are piling in, leveraging stablecoins like USDT and USDC, probably thinking, “Let’s turn up the heat!” 🔥

Despite ETH slipping a bit—dropping 4.31% in just a day, dipping below $2,800—traders are still loading up their leverage guns. Currently, ETH’s hanging around $2,745, probably just to keep everyone on their toes.

$ETH futures open interest (cash-margined) just hit a new all-time high – topping $20B. Despite a slight pullback from the $2.8K levels, leverage continues to build as traders load up using stablecoins.

— glassnode (@glassnode) June 12, 2025

The “Smart” Whale Plays Both Sides—Impressive or Just Greedy? 🐋

And here’s the plot twist—another whale (probably making its YACHT payments) sold about 30,000 ETH for $78.63 million, locking in an $6.72 million cheeky profit. Classic move: sell high, buy low, repeat. The genius, or maybe just the lucky, decided to buy back ETH the very next day—because why not?

The smart institution that made $30.45M from ETH is still bullish—buying back just a day after selling!

On June 10, the whale sold 30,000 ETH for $78.63M via OTC with Wintermute at an average price of $2,621, locking in a $6.72M profit (+8.91%) after 15 days of holding…

— Spot On Chain (@spotonchain) June 12, 2025

So, genius or gambling addict? This whale paid about $2,818 per ETH on the rebound, having bought at a slightly lower price. Classic loop-de-loop of crypto chess—always a thrill, never boring. 🥳

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2025-06-12 13:51