ETH 15-minute decline of 0.86%: Large transfers trigger concentrated selling and long liquidation resonance suppressing the market

On March 18, 2026, from 11:15 to 11:30 (UTC), ETH experienced significant short-term volatility. The candlestick return was -0.86%, with the price ranging between 2293.37 and 2317.12 USDT, and an amplitude of 1.03%. During this period, market trading activity increased, selling pressure was concentrated and released, reflecting rising market panic sentiment.

The main driver of this movement was large on-chain transfers directly flowing into a major exchange, followed by concentrated selling. Two transfers of 5,000 ETH each caused a noticeable sell-off pressure, leading to a rapid increase in sell orders that reached 1.6 times the buy orders. As a result, ETH prices declined sharply in the short term, with long positions in the futures market decreasing by 9%, further pushing prices downward.

Additionally, there were a total of 2,800 ETH liquidated from long positions in the futures market during this period, intensifying the short-term decline and passive capital outflows. On-chain data showed a net outflow of approximately 4,200 ETH, mainly moving into stablecoins, indicating heightened risk-avoidance sentiment. Deterioration in holdings structure and the panic index rising to 67 further reinforced the resonance of concentrated selling.

Current market volatility risk has increased, with liquidity pressure and long position liquidations requiring ongoing attention. Investors are advised to closely monitor the 2290 USDT support level, large on-chain fund movements, and liquidation figures in the futures market. In the face of escalating market panic, it is essential to maintain dynamic tracking to prevent rapid short-term reversals. For more real-time updates, please stay tuned for subsequent news.