Gate News, April 8, according to monitoring by Hyperinsight, the ETH price broke above $2,200. Around 3:00 this morning, a certain whale opened an ETH short position worth $22 million. As the coin price rose, the short position came under pressure; the whale closed the position to cut losses, ultimately recording a loss of $1.47 million. At present, the whale has a buy order for 5,000 ETH, with the order price set at $2,229.

Gate News message: On April 8, according to monitoring by Onchain Lens, BlackRock withdrew 2,607 BTC from a certain CEX, worth approximately $178 million. It also withdrew 28,391 ETH, worth approximately $59 million.

Gate News message, April 8, the trader "set 10 big goals first" (@Jason60704294) disclosed on social media that he has closed out his BTC and ETH long positions, choosing to take profit and exit. In this trade, his 4x leverage long on BTC generated a profit of about $12.12 million, and his 2x leverage long on ETH generated a profit of about $728k, for a total profit of more than $12 million.

From 23:30 to 23:45 on April 7, 2026 (UTC), ETH’s return in the span of 15 minutes recorded -0.97%. The price range was 2241.48–2273.25 USDT, and the amplitude reached 1.40%. During this period, the market saw significant volatility; trading activity declined and risk appetite shifted toward defense, drawing widespread attention from the market. The primary drivers behind this unusual move were large capital transitioning into and then concentrating inflows into exchanges, as well as the synchronous increase in short positions in the derivatives market, which amplified spot sell pressure. On-chain data shows that, during this stage, the total large-amount inflows of ETH into exchanges exceeded 120,000 coins, accompanied by…

Gate News message, April 7, Coinglass data shows that in the past 1 hour across the entire network, $209 million in liquidations occurred, including $60.52M liquidated on long positions and $148 million liquidated on short positions. By coin, liquidations were $73.42 million for BTC and $41.84 million for ETH. In addition, liquidations were $24.78 million for Brent crude oil and $24.18 million for WTI crude oil.

Gate News bot message, Gate price chart shows that ETH has broken through 2250 USDT, and the current price is 2250.66 USDT.

2026-04-07 22:45 to 2026-04-07 23:00 (UTC), the ETH spot price gained +1.92% over 15 minutes, rising from 2176.26 USDT to 2219.85 USDT, with an intraday swing of 2.00% during the period. Market attention increased in the short term, and volatility intensity clearly intensified. The current unusual move quickly sparked widespread attention on-chain and among exchange fund flows. The main drivers behind this unusual move are concentrated net buying by top whale addresses and exchange balances falling to historical lows, which together boosted price elasticity. Data shows,

Gate News bot message, Gate market data shows ETH breaking through 2200 USDT, current price is 2202.89 USDT.

2026-04-07 22:00 to 22:15 (UTC), the ETH price ranged between 2145.02 and 2165.83 USDT, and the 15-minute candlestick return reached +0.64%, with a trading range (amplitude) of 0.97%. Market volatility increased and attention rose, indicating short-term activity driven by rapid capital flows. The main driving force behind this unusual move is that, in the short term, some funds flowed into ETH. Investors are focusing on ETH mainnet assets, and buying interest increased, pushing spot prices higher. At the same time, DeFi and stablecoin-related trading remained active, boosting on-chain liquidity and helping to support a

2026-04-07 21:00 to 21:15 (UTC), the ETH price’s return within 15 minutes reached +1.25%, with the candlestick price range from 2115.51 to 2152.7 USDT and a swing of 1.76%. During this period, overall market attention increased, liquidity of funds rose, and volatility intensified. The main driver of this abnormal move is the on-chain inflow of funds and the simultaneous rise in active trading volume. Combined with concentrated short positions in the derivatives market and negative funding rates, the market triggered large-scale short covering driven by spot buy-side participation, which became the core factor behind the rapid price increase