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) $ 108,166.00 0.62%
Ethereum (ETH) $ 2,526.44 0.91%
Tether (USDT) $ 1.00 0%
XRP (XRP) $ 2.23 0.15%
BNB (BNB) $ 655.76 0.21%
Solana (SOL) $ 148.35 1.93%
USDC (USDC) $ 0.999881 0%
TRON (TRX) $ 0.282855 1.07%
Dogecoin (DOGE) $ 0.164795 1.67%
Lido Staked Ether (STETH) $ 2,525.99 0.9%
Cardano (ADA) $ 0.582130 0.11%
Wrapped Bitcoin (WBTC) $ 108,175.00 0.62%
Hyperliquid (HYPE) $ 39.59 2.77%
Wrapped stETH (WSTETH) $ 3,051.51 0.8%
Sui (SUI) $ 2.91 1.35%
Bitcoin Cash (BCH) $ 483.94 0.57%
Chainlink (LINK) $ 13.24 1.36%
LEO Token (LEO) $ 9.05 0.15%
Avalanche (AVAX) $ 17.90 1.79%
USDS (USDS) $ 0.999812 0.02%
Stellar (XLM) $ 0.238518 0.12%
Wrapped eETH (WEETH) $ 2,705.12 0.84%
Shiba Inu (SHIB) $ 0.000012 0.78%
Toncoin (TON) $ 2.76 1.61%
WETH (WETH) $ 2,525.76 0.88%
Litecoin (LTC) $ 86.52 1.13%
Hedera (HBAR) $ 0.155206 0.07%
WhiteBIT Coin (WBT) $ 44.87 2.95%
Monero (XMR) $ 314.41 2.06%
Ethena USDe (USDE) $ 1.00 0.01%
Coinbase Wrapped BTC (CBBTC) $ 108,208.00 0.5%
Bitget Token (BGB) $ 4.41 1.59%
Polkadot (DOT) $ 3.38 2.34%
Uniswap (UNI) $ 7.02 4.22%
Pepe (PEPE) $ 0.000010 1.79%
Aave (AAVE) $ 270.89 0.51%
Dai (DAI) $ 0.999926 0.01%
OKB (OKB) $ 49.03 1.18%
Bittensor (TAO) $ 324.29 0.52%
Aptos (APT) $ 4.43 2.76%
NEAR Protocol (NEAR) $ 2.14 2.19%
Internet Computer (ICP) $ 4.82 0.87%
Cronos (CRO) $ 0.081085 0.78%
Ethereum Classic (ETC) $ 16.41 1.08%
Ondo (ONDO) $ 0.781674 1.2%
sUSDS (SUSDS) $ 1.06 0.02%
Kaspa (KAS) $ 0.076158 0.28%
Fasttoken (FTN) $ 4.43 0.42%
Mantle (MNT) $ 0.564353 0.64%
Gate (GT) $ 15.38 1.15%
Cosmos Hub (ATOM) $ 4.03 1.13%
VeChain (VET) $ 0.020999 1.55%
Artificial Superintelligence Alliance (FET) $ 0.676242 2.94%
Lombard Staked BTC (LBTC) $ 108,096.00 0.69%
Tokenize Xchange (TKX) $ 21.00 13.24%
Render (RENDER) $ 3.17 1.01%
Ethena (ENA) $ 0.256194 3.32%
POL (ex-MATIC) (POL) $ 0.179938 1.92%
Arbitrum (ARB) $ 0.325792 1.3%
Filecoin (FIL) $ 2.27 2.09%
Binance-Peg WETH (WETH) $ 2,530.22 0.78%
Algorand (ALGO) $ 0.175738 0.05%
Worldcoin (WLD) $ 0.885319 2.43%
First Digital USD (FDUSD) $ 0.998289 0.12%
Sei (SEI) $ 0.261461 0.34%
Bonk (BONK) $ 0.000019 10.69%
KuCoin (KCS) $ 11.02 0.24%
Binance Staked SOL (BNSOL) $ 157.23 2.46%
Jupiter (JUP) $ 0.441433 0.13%
Fartcoin (FARTCOIN) $ 1.22 3.29%
NEXO (NEXO) $ 1.21 1.3%
Kelp DAO Restaked ETH (RSETH) $ 2,648.34 0.85%
Rocket Pool ETH (RETH) $ 2,877.47 0.93%
SPX6900 (SPX) $ 1.27 3.7%
Flare (FLR) $ 0.016684 0.89%
Injective (INJ) $ 10.88 2.76%
Celestia (TIA) $ 1.51 4.2%
Virtuals Protocol (VIRTUAL) $ 1.61 0.65%
Pudgy Penguins (PENGU) $ 0.016641 5.28%
XDC Network (XDC) $ 0.061741 2.75%
Stacks (STX) $ 0.650849 2.25%
Mantle Staked Ether (METH) $ 2,697.69 0.82%
Optimism (OP) $ 0.534869 3.49%
Solv Protocol BTC (SOLVBTC) $ 108,176.00 0.58%
Kaia (KAIA) $ 0.155195 2.6%
Arbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 108,080.00 0.53%
Wrapped BNB (WBNB) $ 656.15 0.21%
dogwifhat (WIF) $ 0.858593 2.04%
Renzo Restaked ETH (EZETH) $ 2,660.71 0.82%
The Graph (GRT) $ 0.083095 1.95%
Immutable (IMX) $ 0.428050 3.88%
PancakeSwap (CAKE) $ 2.26 0.58%
Jupiter Staked SOL (JUPSOL) $ 166.18 2%
Marinade Staked SOL (MSOL) $ 193.52 2.02%
FLOKI (FLOKI) $ 0.000076 0.47%
Jito (JTO) $ 2.03 1.45%
Theta Network (THETA) $ 0.693287 0.84%
Curve DAO (CRV) $ 0.500806 1.92%
Lido DAO (LDO) $ 0.728631 2.94%
Aerodrome Finance (AERO) $ 0.755202 0.19%
Zcash (ZEC) $ 39.78 1.11%
GALA (GALA) $ 0.014044 1.73%
Ethereum Name Service (ENS) $ 18.53 1.68%
IOTA (IOTA) $ 0.155671 1.75%
BitTorrent (BTT) $ 0.00000060 2.23%
The Sandbox (SAND) $ 0.242549 1.41%
Solv Protocol Staked BTC (XSOLVBTC) $ 107,990.00 0.38%
JasmyCoin (JASMY) $ 0.012118 1.26%
Usual USD (USD0) $ 0.998166 0.08%
Pyth Network (PYTH) $ 0.097410 1.82%
Tezos (XTZ) $ 0.531039 1.34%
Raydium (RAY) $ 2.08 1.07%
Pendle (PENDLE) $ 3.37 0.22%
L2 Standard Bridged WETH (Base) (WETH) $ 2,526.54 0.88%
Flow (FLOW) $ 0.324667 1.64%
Arbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,526.95 0.89%
Core (CORE) $ 0.503655 0.31%
Decentraland (MANA) $ 0.259593 0.59%
Bitcoin SV (BSV) $ 24.49 3.46%
ApeCoin (APE) $ 0.603103 1.53%
THORChain (RUNE) $ 1.32 3.23%
Brett (BRETT) $ 0.043215 0.97%
Binance-Peg Dogecoin (DOGE) $ 0.164823 1.74%
DeXe (DEXE) $ 7.41 0.2%
Movement (MOVE) $ 0.160970 0.97%
Helium (HNT) $ 2.22 1.18%
Reserve Rights (RSR) $ 0.007022 0.01%
Starknet (STRK) $ 0.112562 1.14%
USDD (USDD) $ 1.00 0.01%
dYdX (DYDX) $ 0.525617 1.87%
Mog Coin (MOG) $ 0.00000099 0.89%
NEO (NEO) $ 5.43 1.99%
MultiversX (EGLD) $ 13.43 2.04%
AIOZ Network (AIOZ) $ 0.317502 3.51%
Conflux (CFX) $ 0.072840 1.06%
ether.fi Staked ETH (EETH) $ 2,522.97 0.84%
Axie Infinity (AXS) $ 2.17 2.75%
EigenCloud (prev. EigenLayer) (EIGEN) $ 1.12 0.62%
EOS (EOS) $ 0.482323 0.59%
Chiliz (CHZ) $ 0.035179 1.65%
Arweave (AR) $ 5.10 2.18%
Ronin (RON) $ 0.487800 2.5%
Wormhole (W) $ 0.067071 2.75%
Beam (BEAM) $ 0.005915 1.26%
Akash Network (AKT) $ 1.13 3.56%
Popcat (POPCAT) $ 0.308812 0.47%
Gnosis (GNO) $ 109.77 1.45%
Polygon (MATIC) $ 0.180222 1.89%
Peanut the Squirrel (PNUT) $ 0.228845 0.74%
Mina Protocol (MINA) $ 0.168526 1.8%
MANTRA (OM) $ 0.208359 0.07%
ai16z (AI16Z) $ 0.169517 10.88%
Echelon Prime (PRIME) $ 2.43 0.14%

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

ByCrypto News Post Editor

By Crypto News Post Editor

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