Data: Over the past 24 hours, the entire network has liquidated $574 million, with long positions liquidated at $95.0855 million and short positions at $479 million.

ETH drops 1.02% in 15 minutes: whale sell-offs and leverage liquidations drive short-term pressure

On March 4, 2026, from 20:45 to 21:00 (UTC), ETH experienced a 1.02% decline in return over 15 minutes, with price fluctuations ranging from 2149.69 to 2174.09 USDT, and an amplitude of 1.12%. Market attention increased during this period, volatility intensified, attracting a large amount of short-term capital participation, and investor caution significantly heightened. The main driving force behind this anomaly was large on-chain holders transferring substantial amounts of ETH to trading platforms and executing sell operations, leading to short-term selling pressure. Whale concentrated selling behavior tends to amplify price fluctuations in a market environment with low liquidity.

Data: If ETH drops below $2,050, the total long liquidation strength on major CEXs will reach $786 million.

ChainCatcher reports that, according to Coinglass data, if ETH drops below $2,050, the total liquidation strength of long positions on major CEXs will reach $786 million. Conversely, if ETH breaks above $2,261, the total liquidation strength of short positions on major CEXs will reach $407 million.

XRP Reclaims $1.39 After $1.69M Liquidation Spike — Can Price Break $1.43 Today?

XRP has rebounded to $1.39 after an 8.2% gain, following a significant liquidation event that targeted overleveraged long positions. Current support is at $1.27, with resistance at $1.43. Market dynamics suggest cautious bullish momentum may continue, while bearish pressure could emerge if resistance fails.

ETH 15-minute increase of 1.09%: Whales' on-chain buying and ETF capital inflows drive price rebound

From 15:45 to 16:00 on March 4, 2026 (UTC), the ETH price experienced a significant anomaly, with a K-line return of +1.09%. The price range fluctuated between 2126.16 and 2158.9 USDT, with an amplitude of 1.54%. Short-term volatility intensified during this period, attracting market attention, with trading volume and sentiment rising simultaneously. The main drivers of this anomaly were large on-chain whale purchases and continuous net inflows of ETF funds. Specifically, on March 3, a whale exchanged 99.5 BTC for 33

In the past hour, the entire network has been liquidated by $113 million, with BTC liquidations reaching $76.74 million.

Odaily Planet Daily reports that according to Coinglass data, in the past 1 hour, the total liquidations across the entire network reached $113 million, including $102 million in short positions, $10.86 million in long positions, with BTC liquidations totaling $76.74 million and ETH liquidations reaching $34.57 million.

Analyst: The implied volatility (IV) of major-term options and expiry options for Bitcoin has not increased.

Odaily Planet Daily reports that Greeks.live macro researcher Adam posted on the X platform stating that although Bitcoin's price hit a new rebound high today, the implied volatility (IV) of major-term options and expiry options did not increase; instead, it decreased compared to when Bitcoin broke through $70,000. Over the past week, VRP has dropped significantly, declining nearly 20% across all maturities. This divergence generally indicates that institutions believe the rebound has come to an end and momentum is waning.