{"id":124846,"date":"2025-03-11T14:16:00","date_gmt":"2025-03-11T14:16:00","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=124846"},"modified":"2025-03-11T14:16:00","modified_gmt":"2025-03-11T14:16:00","slug":"yuga-exec-warns-about-true-bear-market-ether-price-as-whales-scramble","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=124846","title":{"rendered":"Yuga exec warns about \u2018true bear market\u2019 Ether price as whales scramble"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsYuga Labs\u2019 vice president of blockchain warned that Ether could drop as low as $200 in a prolonged bear market, a 90% decline from its current price.<br \/>\nIn a March 11 post on X, the executive, known as \u201cQuit,\u201d pushed back against analysts who suggested $1,500 as the possible bottom for Ether (ETH). Instead, Quit argued that a true bear market could see ETH fall significantly lower, similar to previous market cycles.<br \/>\n\u201cA true bear market target, if we\u2019re just getting started, would be ~$200-$400. That\u2019s an 80% drawdown from here, 90% total drawdown &#8212; in line with past bear markets.\u201d<br \/>\nThe executive said he\u2019s in a \u201ccomfortable\u201d position if things go south. Quit told followers to consider selling their stash if they\u2019re uncomfortable with the asset going down.\u00a0<br \/>\nSource: QuitETH holders discuss potential price trajectory<br \/>\nQuit\u2019s post drew mixed reactions from the crypto community. Some investors agreed that ETH could drop further, while others said such a scenario would require a major systemic collapse.<br \/>\nOne X user said they set $1,800 as the bottom. However, when the price reached $1,800, they contemplated whether it could go to $1,200. The ETH holder agreed with Quit\u2019s prediction and said, \u201cIt could very well go lower\u201d if Bitcoin (BTC) goes to $66,000.<br \/>\nMeanwhile, another X user disagreed with the prediction, saying it would only be possible if there were a systemic collapse similar to 2018. The ETH investor said that, unlike previous cycles, Ether has been adopted by institutions and has a maturing ecosystem.\u00a0<br \/>\n\u201cPositioning for both scenarios is what every smart investor should done, but being too bearish at the wrong time can cost just as much as being overly bullish,\u201d they wrote.<br \/>\nRelated: 4 things must happen before Ethereum can reclaim $2,600<br \/>\nETH whales scramble against liquidation threat<br \/>\nQuit\u2019s sentiments came as ETH whales scrambled to avoid liquidation as Ether prices collapsed. On March 11, CoinGecko data showed that ETH prices went to a low of $1,791 on a 22% decline in the past seven days.\u00a0<br \/>\nBecause of the sharp price changes, ETH whales moved millions of dollars in ETH to protect their positions against potential liquidation.\u00a0<br \/>\nBlockchain analytics firm Lookonchain flagged an ETH whale dumping $47.8 million and losing $32 million to avoid being liquidated. The whale still has over $64 million at the lending protocol Aave with a liquidation price of $1,316.\u00a0<br \/>\nAnother ETH investor who had already used over $5 million in assets to lower the liquidation price to $1,836 started to be liquidated. Lookonchain said the whale\u2019s $121 million balance was being liquidated as the price dropped below $1,800.\u00a0<br \/>\nA whale account suspected of being linked to the Ethereum Foundation also used $56 million in ETH to avoid liquidation amid the price drop. The address deposited over 30,000 ETH to the Sky vault, bringing its liquidation price to $1.127.14. The account was later determined to be unrelated to the foundation.\u00a0<br \/>\nMagazine: ETH whale\u2019s wild $6.8M \u2018mind control\u2019 claims, Bitcoin power thefts: Asia Express<a href=\"https:\/\/cointelegraph.com\/news\/eth-price-prediction-200-dollars-yuga-exec-whale-liquidation?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsYuga Labs\u2019 vice president of blockchain warned that Ether could drop as low as $200 in a prolonged bear market, a 90% decline from its current price. In&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/124846"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=124846"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/124846\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=124846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=124846"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=124846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}