Ethereum's price has declined 6.9% to $2,926 amid a short-term downtrend, driven by whale unrealized losses exceeding $54 million and surging liquidations in derivatives markets totaling over $213 million for longs. Ethereum whale on Hyperliquid faces $54.81 million in unrealized losses from $700 million leveraged longs. Derivatives volume rose 53.5% to $87.15 billion while open [...]
