Ether is about 12% above the price where one treasury firm's Aave loan gets liquidated.
3 pressure points under $ETH right now:
1. BTCS, a Nasdaq-listed ETH treasury firm, owed ~$64.1M on Aave as of Nov 9 against 46,676 ETH. CoinDesk puts the liquidation line near $1,717 (health factor ~1.24). BTCS says it has sold ETH below cost to manage that, and reported no liquidations as of Nov 11.
2. An Ethereum Foundation-linked wallet sold another 2,000 ETH (~$3.87M, Lookonchain). Small in size, but it's the 4th sale tracked since Oct 12.
3. US spot ETH ETFs saw $144.8M of net outflows on Nov 11 (Farside).
The counterweight: one wallet bought 10,380 ETH (~$19.91M) into the drop (Lookonchain).
My view: the $1,717 line is a number to watch, not a prediction. Leveraged treasuries turn dips into forced selling. Chart is 72h: ETH is at $1,961.54, -4.93%. Not financial advice.
Which matters more from here, ETF flows or leveraged holders? #Ethereum #Aave
Disclosure: Write to Earn may pay me a commission on cashtag trades.
3 pressure points under $ETH right now:
1. BTCS, a Nasdaq-listed ETH treasury firm, owed ~$64.1M on Aave as of Nov 9 against 46,676 ETH. CoinDesk puts the liquidation line near $1,717 (health factor ~1.24). BTCS says it has sold ETH below cost to manage that, and reported no liquidations as of Nov 11.
2. An Ethereum Foundation-linked wallet sold another 2,000 ETH (~$3.87M, Lookonchain). Small in size, but it's the 4th sale tracked since Oct 12.
3. US spot ETH ETFs saw $144.8M of net outflows on Nov 11 (Farside).
The counterweight: one wallet bought 10,380 ETH (~$19.91M) into the drop (Lookonchain).
My view: the $1,717 line is a number to watch, not a prediction. Leveraged treasuries turn dips into forced selling. Chart is 72h: ETH is at $1,961.54, -4.93%. Not financial advice.
Which matters more from here, ETF flows or leveraged holders? #Ethereum #Aave
Disclosure: Write to Earn may pay me a commission on cashtag trades.
