$ETH has lost about a fifth of its value in seven days, and the slide is accelerating.
The chart: $1,731.40 now, -22.46% over 168h (UTC). Each bounce since Nov 8 has topped out lower, and the last leg took it through $1,800 and $1,900 without a pause.
The context (Bloomberg, Nov 15): Ether fell 8% in Saturday's US session to $1,731, its lowest since July 9. Coinglass logged about $466M of ETH liquidations in 24 hours, mostly longs.
The other side: US spot ETH ETFs lost $398.9M last week, yet Friday printed a small $2.3M inflow, the first after six outflow sessions (Farside via crypto.news).
My read: forced selling has driven this move more than conviction. What would change it is the ETF flow staying positive for more than one day, and liquidations fading. Which do you watch first, flows or leverage? Not financial advice.
#ETH #Ethereum #CryptoMarket
Disclosure: Write to Earn may pay me a commission on cashtag trades.
The chart: $1,731.40 now, -22.46% over 168h (UTC). Each bounce since Nov 8 has topped out lower, and the last leg took it through $1,800 and $1,900 without a pause.
The context (Bloomberg, Nov 15): Ether fell 8% in Saturday's US session to $1,731, its lowest since July 9. Coinglass logged about $466M of ETH liquidations in 24 hours, mostly longs.
The other side: US spot ETH ETFs lost $398.9M last week, yet Friday printed a small $2.3M inflow, the first after six outflow sessions (Farside via crypto.news).
My read: forced selling has driven this move more than conviction. What would change it is the ETF flow staying positive for more than one day, and liquidations fading. Which do you watch first, flows or leverage? Not financial advice.
#ETH #Ethereum #CryptoMarket
Disclosure: Write to Earn may pay me a commission on cashtag trades.
