- A dormant Ethereum whale sold $17 million worth of ETH at $1,600 despite previously ignoring higher price levels like $4,000.
- ETH/BTC ratio dropped to a multiyear low of 0.01855, showing Ethereum’s continued decline relative to Bitcoin in 2025.
- Dogecoin saw $11.26 million in liquidations, with short traders facing heavier losses and price rising to $0.1576 amid market rebound.
A long-inactive Ethereum address, originally funded in 2016 when ETH traded at just $8, has offloaded nearly $17 million worth of Ethereum. The wallet, often referred to as an “OG” account, came to life after over two years of inactivity, selling its assets at approximately $1,600 each. Lookonchain published on-chain data revealing that this major transaction happened on April 10, which prompted market attention because of its surprising timing.
The address avoided Ethereum’s historic price peaks, including the $4,000 range reached in 2021. Instead, the whale chose to liquidate during a major market correction. This pattern follows earlier behavior observed with similar long-term holders who have sold during downturns rather than bull markets. On Binance, the ETH/BTC ratio reached its multiyear minimum at 0.01855 on April 9 because bearish pressure was increasing on Ethereum.
Ethereum Sees Continued Weakness
The present Ethereum market shows a trading value of $1,555, where prices decreased by 1.38 percent since yesterday. The decline maintains its relationship-based disadvantage versus Bitcoin throughout 2025. ETH/BTC exchange rate dropped 45 percent when measured from January to the present day, according to CoinMarketCap.
The cryptocurrency market approaches Ethereum prices with caution because the digital asset approaches its 2023 valuation zone. Market participants state that Bitcoin’s capital movement and regulatory uncertainty may explain the cryptocurrency price movement.
Bitcoin, in contrast, remains resilient despite a sharp decline earlier this week. Prices dipped to $74,700 before quickly rebounding to over $82,000 following U.S. political announcements. The decision by the U.S. president to temporarily pause proposed trade tariffs lifted investor sentiment, aiding Bitcoin’s recovery. On-chain data from IntoTheBlock confirmed that over 85 percent of BTC holders remain in profit despite recent volatility.
Dogecoin Sees Unusual Activity
Meanwhile, Dogecoin recorded $11.26 million in liquidations over 24 hours, with short traders absorbing the majority of losses. The meme coin experienced a modest price rise of 2.58 percent, climbing to $0.1576. Trading data shows increased interest in DOGE as its market cap rose from $22.47 billion to $23.46 billion. This follows news that 21Shares intends to list a Dogecoin ETP on the SIX Swiss Exchange.
