Brothers, $ETH has fallen to around 2,580, and many people’s first reaction is, “It’s already dropped so much—time to buy the dip.”
I think the most important question right now is actually: Has the selling pressure really ended?
💰 ETFs are still bleeding. There have been net outflows for six consecutive trading days, totaling about $408 million. On October 6 alone, outflows reached about $202 million.
🔓 There’s also been unusual activity on the staking side. The exit queue surged from around 166,000 ETH at the end of September to a peak of about 851,000 ETH. Currently, around 786,000 ETH are still queued.
But one detail needs to be made clear: This surge is closely related to validators proactively exiting after the MetaMask security incident. It doesn’t mean all of this ETH will immediately enter the market.
💥 What really makes me wary, though, is leveraged liquidations.
Prices fall, leveraged long positions are forced to close, and those closures push prices down further. That’s where the sharpest short-term acceleration in a sell-off can happen.
📌 So my read is simple:
If ETH can’t reclaim 2,650–2,660, the bearish structure remains intact. If 2,590 breaks, the next level to watch is 2,550. $BTC $ZEC
Would you dare to go long on ETH right now? #Vitalik警告AI或将加速削弱密码学安全
I think the most important question right now is actually: Has the selling pressure really ended?
💰 ETFs are still bleeding. There have been net outflows for six consecutive trading days, totaling about $408 million. On October 6 alone, outflows reached about $202 million.
🔓 There’s also been unusual activity on the staking side. The exit queue surged from around 166,000 ETH at the end of September to a peak of about 851,000 ETH. Currently, around 786,000 ETH are still queued.
But one detail needs to be made clear: This surge is closely related to validators proactively exiting after the MetaMask security incident. It doesn’t mean all of this ETH will immediately enter the market.
💥 What really makes me wary, though, is leveraged liquidations.
Prices fall, leveraged long positions are forced to close, and those closures push prices down further. That’s where the sharpest short-term acceleration in a sell-off can happen.
📌 So my read is simple:
If ETH can’t reclaim 2,650–2,660, the bearish structure remains intact. If 2,590 breaks, the next level to watch is 2,550. $BTC $ZEC
Would you dare to go long on ETH right now? #Vitalik警告AI或将加速削弱密码学安全