Arkham Intelligence flagged a major Hyperunit whale—believed to be a Chinese entity—on the losing side of a forced deleveraging that triggered a $250M Ethereum liquidation and left the actor with over $5 billion in realized and unrealized losses. The move intensified short-term volatility across ETH markets.
ETHZilla has sold $74.5 million in ether to reduce debt, its second ETH treasury liquidation after a $40 million sale in October. The moves trim the firm's crypto exposure but may add short‑term selling pressure on ETH.

The crypto market underwent its biggest deleveraging event this year, witnessing $1.7 billion in liquidations. Bitcoin also saw a slight dip of 0.2%. Learn how Bitlet.app's Crypto Installment service can help you buy cryptos smartly during volatile times.