Sat. Jul 5th, 2025

Ethereum price drops despite Bybit reportedly buying $700M ETH — Why?

ByCrypto News Post Editor

Feb 24, 2025

Ether price is down nearly 6% even though Bybit has been buying in bulk. Cointelegraph explains why.

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Bitcoin (BTC) $ 108,201.00 0.84%
Bitcoin (BTC) $ 108,201.00 0.84%
Ethereum (ETH) $ 2,524.33 1.18%
Ethereum (ETH) $ 2,524.33 1.18%
Tether (USDT) $ 1.00 0%
Tether (USDT) $ 1.00 0%
XRP (XRP) $ 2.22 0.66%
XRP (XRP) $ 2.22 0.66%
BNB (BNB) $ 655.94 0.59%
BNB (BNB) $ 655.94 0.59%
Solana (SOL) $ 148.37 1.5%
Solana (SOL) $ 148.37 1.5%
USDC (USDC) $ 0.999837 0.01%
USDC (USDC) $ 0.999837 0.01%
TRON (TRX) $ 0.284538 0.95%
TRON (TRX) $ 0.284538 0.95%
Dogecoin (DOGE) $ 0.164523 1.48%
Dogecoin (DOGE) $ 0.164523 1.48%
Lido Staked Ether (STETH) $ 2,523.30 1.21%
Lido Staked Ether (STETH) $ 2,523.30 1.21%
Cardano (ADA) $ 0.576688 1.08%
Cardano (ADA) $ 0.576688 1.08%
Wrapped Bitcoin (WBTC) $ 108,092.00 0.69%
Wrapped Bitcoin (WBTC) $ 108,092.00 0.69%
Hyperliquid (HYPE) $ 39.32 0.83%
Hyperliquid (HYPE) $ 39.32 0.83%
Wrapped stETH (WSTETH) $ 3,044.96 1.28%
Wrapped stETH (WSTETH) $ 3,044.96 1.28%
Sui (SUI) $ 2.93 0.15%
Sui (SUI) $ 2.93 0.15%
Bitcoin Cash (BCH) $ 483.61 0.12%
Bitcoin Cash (BCH) $ 483.61 0.12%
Chainlink (LINK) $ 13.25 1.05%
Chainlink (LINK) $ 13.25 1.05%
LEO Token (LEO) $ 9.04 0.15%
LEO Token (LEO) $ 9.04 0.15%
Avalanche (AVAX) $ 17.92 1.14%
Avalanche (AVAX) $ 17.92 1.14%
USDS (USDS) $ 0.999941 0%
USDS (USDS) $ 0.999941 0%
Stellar (XLM) $ 0.237685 1.16%
Stellar (XLM) $ 0.237685 1.16%
Wrapped eETH (WEETH) $ 2,702.99 1.15%
Wrapped eETH (WEETH) $ 2,702.99 1.15%
Toncoin (TON) $ 2.75 1.94%
Toncoin (TON) $ 2.75 1.94%
Shiba Inu (SHIB) $ 0.000012 0.84%
Shiba Inu (SHIB) $ 0.000012 0.84%
Hedera (HBAR) $ 0.156227 0.23%
Hedera (HBAR) $ 0.156227 0.23%
WETH (WETH) $ 2,524.66 1.14%
WETH (WETH) $ 2,524.66 1.14%
Litecoin (LTC) $ 86.65 2.04%
Litecoin (LTC) $ 86.65 2.04%
WhiteBIT Coin (WBT) $ 45.19 1.1%
WhiteBIT Coin (WBT) $ 45.19 1.1%
Monero (XMR) $ 311.57 2.58%
Monero (XMR) $ 311.57 2.58%
Ethena USDe (USDE) $ 1.00 0.01%
Ethena USDe (USDE) $ 1.00 0.01%
Coinbase Wrapped BTC (CBBTC) $ 108,383.00 0.65%
Coinbase Wrapped BTC (CBBTC) $ 108,383.00 0.65%
Bitget Token (BGB) $ 4.40 1.34%
Bitget Token (BGB) $ 4.40 1.34%
Polkadot (DOT) $ 3.37 2.06%
Polkadot (DOT) $ 3.37 2.06%
Uniswap (UNI) $ 7.00 5.18%
Uniswap (UNI) $ 7.00 5.18%
Aave (AAVE) $ 273.33 1.26%
Aave (AAVE) $ 273.33 1.26%
Pepe (PEPE) $ 0.000010 0.14%
Pepe (PEPE) $ 0.000010 0.14%
Dai (DAI) $ 0.999993 0.01%
Dai (DAI) $ 0.999993 0.01%
OKB (OKB) $ 48.88 1.04%
OKB (OKB) $ 48.88 1.04%
Bittensor (TAO) $ 324.61 0.09%
Bittensor (TAO) $ 324.61 0.09%
Aptos (APT) $ 4.43 2.39%
Aptos (APT) $ 4.43 2.39%
NEAR Protocol (NEAR) $ 2.13 2.65%
NEAR Protocol (NEAR) $ 2.13 2.65%
Internet Computer (ICP) $ 4.77 2%
Internet Computer (ICP) $ 4.77 2%
Cronos (CRO) $ 0.081249 0.74%
Cronos (CRO) $ 0.081249 0.74%
Ethereum Classic (ETC) $ 16.36 1.79%
Ethereum Classic (ETC) $ 16.36 1.79%
Ondo (ONDO) $ 0.778592 0.04%
Ondo (ONDO) $ 0.778592 0.04%
sUSDS (SUSDS) $ 1.06 0.01%
sUSDS (SUSDS) $ 1.06 0.01%
Kaspa (KAS) $ 0.075952 0.65%
Kaspa (KAS) $ 0.075952 0.65%
Fasttoken (FTN) $ 4.44 0.27%
Fasttoken (FTN) $ 4.44 0.27%
Mantle (MNT) $ 0.565045 0.74%
Mantle (MNT) $ 0.565045 0.74%
Gate (GT) $ 15.32 1.84%
Gate (GT) $ 15.32 1.84%
Cosmos Hub (ATOM) $ 4.01 1.77%
Cosmos Hub (ATOM) $ 4.01 1.77%
VeChain (VET) $ 0.020866 2.27%
VeChain (VET) $ 0.020866 2.27%
Artificial Superintelligence Alliance (FET) $ 0.673511 2.75%
Artificial Superintelligence Alliance (FET) $ 0.673511 2.75%
Tokenize Xchange (TKX) $ 21.28 9.08%
Tokenize Xchange (TKX) $ 21.28 9.08%
Lombard Staked BTC (LBTC) $ 108,066.00 0.94%
Lombard Staked BTC (LBTC) $ 108,066.00 0.94%
Render (RENDER) $ 3.17 1.19%
Render (RENDER) $ 3.17 1.19%
POL (ex-MATIC) (POL) $ 0.180170 0.87%
POL (ex-MATIC) (POL) $ 0.180170 0.87%
Ethena (ENA) $ 0.255015 2.9%
Ethena (ENA) $ 0.255015 2.9%
Arbitrum (ARB) $ 0.326290 0.98%
Arbitrum (ARB) $ 0.326290 0.98%
Filecoin (FIL) $ 2.26 2.43%
Filecoin (FIL) $ 2.26 2.43%
Binance-Peg WETH (WETH) $ 2,524.11 1.2%
Binance-Peg WETH (WETH) $ 2,524.11 1.2%
Algorand (ALGO) $ 0.174173 0.72%
Algorand (ALGO) $ 0.174173 0.72%
Worldcoin (WLD) $ 0.877867 2.38%
Worldcoin (WLD) $ 0.877867 2.38%
First Digital USD (FDUSD) $ 0.998637 0.05%
First Digital USD (FDUSD) $ 0.998637 0.05%
Sei (SEI) $ 0.263275 1.53%
Sei (SEI) $ 0.263275 1.53%
Bonk (BONK) $ 0.000018 10.87%
Bonk (BONK) $ 0.000018 10.87%
KuCoin (KCS) $ 11.00 0.36%
KuCoin (KCS) $ 11.00 0.36%
Binance Staked SOL (BNSOL) $ 157.05 1.48%
Binance Staked SOL (BNSOL) $ 157.05 1.48%
Jupiter (JUP) $ 0.437964 0.68%
Jupiter (JUP) $ 0.437964 0.68%
Kelp DAO Restaked ETH (RSETH) $ 2,645.94 1.16%
Kelp DAO Restaked ETH (RSETH) $ 2,645.94 1.16%
NEXO (NEXO) $ 1.21 0.16%
NEXO (NEXO) $ 1.21 0.16%
Fartcoin (FARTCOIN) $ 1.20 2.6%
Fartcoin (FARTCOIN) $ 1.20 2.6%
Rocket Pool ETH (RETH) $ 2,874.18 1.22%
Rocket Pool ETH (RETH) $ 2,874.18 1.22%
SPX6900 (SPX) $ 1.25 3.09%
SPX6900 (SPX) $ 1.25 3.09%
Flare (FLR) $ 0.016643 0.91%
Flare (FLR) $ 0.016643 0.91%
Celestia (TIA) $ 1.49 4.66%
Celestia (TIA) $ 1.49 4.66%
Injective (INJ) $ 10.63 4.2%
Injective (INJ) $ 10.63 4.2%
Virtuals Protocol (VIRTUAL) $ 1.57 1.98%
Virtuals Protocol (VIRTUAL) $ 1.57 1.98%
Pudgy Penguins (PENGU) $ 0.016088 0.27%
Pudgy Penguins (PENGU) $ 0.016088 0.27%
XDC Network (XDC) $ 0.061920 2.43%
XDC Network (XDC) $ 0.061920 2.43%
Stacks (STX) $ 0.644602 3.37%
Stacks (STX) $ 0.644602 3.37%
Mantle Staked Ether (METH) $ 2,692.49 1.22%
Mantle Staked Ether (METH) $ 2,692.49 1.22%
Optimism (OP) $ 0.531909 3.18%
Optimism (OP) $ 0.531909 3.18%
Kaia (KAIA) $ 0.154507 2.89%
Kaia (KAIA) $ 0.154507 2.89%
Arbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 108,108.00 0.84%
Arbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 108,108.00 0.84%
Wrapped BNB (WBNB) $ 655.82 0.62%
Wrapped BNB (WBNB) $ 655.82 0.62%
Renzo Restaked ETH (EZETH) $ 2,649.94 1.54%
Renzo Restaked ETH (EZETH) $ 2,649.94 1.54%
dogwifhat (WIF) $ 0.841297 3.08%
dogwifhat (WIF) $ 0.841297 3.08%
The Graph (GRT) $ 0.082701 2.22%
The Graph (GRT) $ 0.082701 2.22%
Solv Protocol BTC (SOLVBTC) $ 108,057.00 0.98%
Solv Protocol BTC (SOLVBTC) $ 108,057.00 0.98%
Immutable (IMX) $ 0.427782 3.72%
Immutable (IMX) $ 0.427782 3.72%
PancakeSwap (CAKE) $ 2.25 0.98%
PancakeSwap (CAKE) $ 2.25 0.98%
Jupiter Staked SOL (JUPSOL) $ 166.44 1.41%
Jupiter Staked SOL (JUPSOL) $ 166.44 1.41%
Marinade Staked SOL (MSOL) $ 193.82 1.49%
Marinade Staked SOL (MSOL) $ 193.82 1.49%
FLOKI (FLOKI) $ 0.000075 1%
FLOKI (FLOKI) $ 0.000075 1%
Jito (JTO) $ 2.01 2.7%
Jito (JTO) $ 2.01 2.7%
Theta Network (THETA) $ 0.688619 2.03%
Theta Network (THETA) $ 0.688619 2.03%
Curve DAO (CRV) $ 0.499409 2.17%
Curve DAO (CRV) $ 0.499409 2.17%
Lido DAO (LDO) $ 0.723396 3.62%
Lido DAO (LDO) $ 0.723396 3.62%
Zcash (ZEC) $ 39.67 4.83%
Zcash (ZEC) $ 39.67 4.83%
Aerodrome Finance (AERO) $ 0.750253 0.45%
Aerodrome Finance (AERO) $ 0.750253 0.45%
GALA (GALA) $ 0.013918 2.35%
GALA (GALA) $ 0.013918 2.35%
Ethereum Name Service (ENS) $ 18.45 2.12%
Ethereum Name Service (ENS) $ 18.45 2.12%
IOTA (IOTA) $ 0.155492 2.05%
IOTA (IOTA) $ 0.155492 2.05%
BitTorrent (BTT) $ 0.00000060 1.66%
BitTorrent (BTT) $ 0.00000060 1.66%
The Sandbox (SAND) $ 0.242147 1.74%
The Sandbox (SAND) $ 0.242147 1.74%
Solv Protocol Staked BTC (XSOLVBTC) $ 107,280.00 1.69%
Solv Protocol Staked BTC (XSOLVBTC) $ 107,280.00 1.69%
JasmyCoin (JASMY) $ 0.012110 1.61%
JasmyCoin (JASMY) $ 0.012110 1.61%
Usual USD (USD0) $ 0.998313 0.04%
Usual USD (USD0) $ 0.998313 0.04%
Pyth Network (PYTH) $ 0.097318 1.78%
Pyth Network (PYTH) $ 0.097318 1.78%
Tezos (XTZ) $ 0.530899 1.25%
Tezos (XTZ) $ 0.530899 1.25%
Raydium (RAY) $ 2.08 1.05%
Raydium (RAY) $ 2.08 1.05%
Pendle (PENDLE) $ 3.36 0.28%
Pendle (PENDLE) $ 3.36 0.28%
L2 Standard Bridged WETH (Base) (WETH) $ 2,524.52 1.2%
L2 Standard Bridged WETH (Base) (WETH) $ 2,524.52 1.2%
Flow (FLOW) $ 0.322602 2.19%
Flow (FLOW) $ 0.322602 2.19%
Arbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,524.63 1.21%
Arbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,524.63 1.21%
Core (CORE) $ 0.504152 0.05%
Core (CORE) $ 0.504152 0.05%
Decentraland (MANA) $ 0.258872 0.56%
Decentraland (MANA) $ 0.258872 0.56%
Bitcoin SV (BSV) $ 24.33 1.73%
Bitcoin SV (BSV) $ 24.33 1.73%
ApeCoin (APE) $ 0.599368 1.68%
ApeCoin (APE) $ 0.599368 1.68%
THORChain (RUNE) $ 1.31 3.66%
THORChain (RUNE) $ 1.31 3.66%
DeXe (DEXE) $ 7.46 0.54%
DeXe (DEXE) $ 7.46 0.54%
Binance-Peg Dogecoin (DOGE) $ 0.164542 1.71%
Binance-Peg Dogecoin (DOGE) $ 0.164542 1.71%
Brett (BRETT) $ 0.042519 0.08%
Brett (BRETT) $ 0.042519 0.08%
Movement (MOVE) $ 0.159047 1.63%
Movement (MOVE) $ 0.159047 1.63%
Helium (HNT) $ 2.23 0.42%
Helium (HNT) $ 2.23 0.42%
USDD (USDD) $ 0.999992 0.01%
USDD (USDD) $ 0.999992 0.01%
Reserve Rights (RSR) $ 0.006924 1.5%
Reserve Rights (RSR) $ 0.006924 1.5%
Starknet (STRK) $ 0.111298 1.9%
Starknet (STRK) $ 0.111298 1.9%
dYdX (DYDX) $ 0.521203 2.86%
dYdX (DYDX) $ 0.521203 2.86%
NEO (NEO) $ 5.42 2.78%
NEO (NEO) $ 5.42 2.78%
MultiversX (EGLD) $ 13.37 2.05%
MultiversX (EGLD) $ 13.37 2.05%
Mog Coin (MOG) $ 0.00000096 3.29%
Mog Coin (MOG) $ 0.00000096 3.29%
AIOZ Network (AIOZ) $ 0.314793 1.14%
AIOZ Network (AIOZ) $ 0.314793 1.14%
Conflux (CFX) $ 0.072411 1.95%
Conflux (CFX) $ 0.072411 1.95%
ether.fi Staked ETH (EETH) $ 2,521.36 1.18%
ether.fi Staked ETH (EETH) $ 2,521.36 1.18%
Axie Infinity (AXS) $ 2.16 2.71%
Axie Infinity (AXS) $ 2.16 2.71%
EigenCloud (prev. EigenLayer) (EIGEN) $ 1.11 0.49%
EigenCloud (prev. EigenLayer) (EIGEN) $ 1.11 0.49%
EOS (EOS) $ 0.480475 1.16%
EOS (EOS) $ 0.480475 1.16%
Chiliz (CHZ) $ 0.035096 1.57%
Chiliz (CHZ) $ 0.035096 1.57%
Arweave (AR) $ 5.10 1.96%
Arweave (AR) $ 5.10 1.96%
Ronin (RON) $ 0.485827 0.46%
Ronin (RON) $ 0.485827 0.46%
Wormhole (W) $ 0.066887 2.74%
Wormhole (W) $ 0.066887 2.74%
Akash Network (AKT) $ 1.13 2.1%
Akash Network (AKT) $ 1.13 2.1%
Beam (BEAM) $ 0.005825 0.96%
Beam (BEAM) $ 0.005825 0.96%
Popcat (POPCAT) $ 0.299134 2.86%
Popcat (POPCAT) $ 0.299134 2.86%
Gnosis (GNO) $ 109.68 1.21%
Gnosis (GNO) $ 109.68 1.21%
Polygon (MATIC) $ 0.180219 0.89%
Polygon (MATIC) $ 0.180219 0.89%
Peanut the Squirrel (PNUT) $ 0.225525 2.69%
Peanut the Squirrel (PNUT) $ 0.225525 2.69%
Mina Protocol (MINA) $ 0.167856 2.09%
Mina Protocol (MINA) $ 0.167856 2.09%
MANTRA (OM) $ 0.208318 0.05%
MANTRA (OM) $ 0.208318 0.05%
ai16z (AI16Z) $ 0.166839 9.15%
ai16z (AI16Z) $ 0.166839 9.15%
Echelon Prime (PRIME) $ 2.39 1.83%
Echelon Prime (PRIME) $ 2.39 1.83%

Ethereum price drops despite Bybit reportedly buying $700M ETH — Why?

ByCrypto News Post Editor

By Crypto News Post Editor

Related Post

OKX exec warns against hype amid real-world asset tokenization boom

Celsius’ Mashinsky lashes out at ‘death-in-prison sentence’

Bitcoin Core to unilaterally remove controversial OP-Return limit

Leave a Reply Cancel reply

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