Bitcoin and the broader cryptocurrency market have come under severe selling pressure with over $900 million in liquidations over the last 24 hours. The Ethereum (EHT) price has cracked by a staggering 8% moving all the way to $3,250 levels. The whale transaction in the Ethereum ecosystem have shot up significantly adding up to the selling pressure on Ethereum. In response to the recent market downturn, four significant whales or institutions have offloaded a substantial amount of Ethereum (ETH), totaling 31,683 ETH, valued at approximately $106 million.