Ethereum ($ETH) is showing an interesting mix of institutional outflows and derivatives activity.
Here's what caught my attention:
📉 1. ETF Outflows
US Spot Ethereum ETFs recorded approximately $184.6 million in net outflows on November 9. The initial report covered 7 of 11 funds, so the figure was preliminary.
⚡ 2. Futures Liquidations
Around $53.14 million in ETH futures positions were liquidated over the reported 24-hour period.
🐂 3. Long Traders Took the Bigger Hit
Approximately $36.67 million came from liquidated long positions, compared with $16.47 million from shorts.
My Market Take:
These numbers suggest that Ethereum traders should pay close attention to leverage, institutional flows and spot-market demand.
But remember: ETF outflows and liquidations alone do not confirm a bearish trend.
The next thing I'm watching is whether buyers can establish stronger spot demand.
🐋 WHALIX WATCHLIST:
$ETH
| $BTC
|$BNB
What do you think?
Are we seeing a temporary market shakeout, or could ETH face more downside?
Share your analysis below. 👇
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