Ether's price fell from above $3,000 to $2,100 due to selling pressure from a select group of market makers.
Market makers’ Ether selling patterns have significantly contributed to the current crypto market decline.
Five of the top market makers have sold a total of 130,000 Ether (ETH) worth $290 million at today’s price, since Aug. 3, while Ether price crashed from $3,000 to below $2,200.
The market makers include Wintermute, which sold over 47,000 Ether, followed by Jump Trading with over 36,000 ETH, and Flow Traders, with $3,620 ETH, in third place.
