Ethereum’s $6.4 Billion Leverage Loss and Whales’ Accumulation Trend

Despite a sharp 43% price decline and a notable reduction in leveraged positions across major exchanges, Ethereum maintains its dominant position in decentralized finance. The network boasts an impressive $330.4 billion Total Value Locked and a stablecoin base of $184.6 billion, surpassing its competitors by a wide margin.

Displaying strong confidence in the asset, Bitmine recently acquired 7,080 ETH valued at around $19.8 million. Market analysis indicates that Ethereum remains undervalued from a structural perspective, even amid the recent market turbulence.