$ETH up just 0.39% in a day, but $475 million in long orders are queued just below $2,392.
ETH dipped below $2,500 this morning before recovering to around $2,510, barely moving for the rest of the day. Trading volume at the exact time the price hit its low also rose noticeably compared with the preceding hours.
Just below the $2,392 mark, $475 million in long orders are stacked up, at risk of liquidation if the price falls that far.
At the same time, U.S. spot Ether ETFs have seen outflows for the ninth consecutive day, mostly from BlackRock’s ETHA fund.
With the price flat but long orders still stacked this high, even a small drop could trigger a liquidation cascade.
Watch to see whether ETF outflows stop today, or whether $2,392 gets tested first.
Personal observations, not investment advice
#EthereumSurpasses2500USDT #TinFed #EtherETFsExtendOutflowsToNineDays
ETH dipped below $2,500 this morning before recovering to around $2,510, barely moving for the rest of the day. Trading volume at the exact time the price hit its low also rose noticeably compared with the preceding hours.
Just below the $2,392 mark, $475 million in long orders are stacked up, at risk of liquidation if the price falls that far.
At the same time, U.S. spot Ether ETFs have seen outflows for the ninth consecutive day, mostly from BlackRock’s ETHA fund.
With the price flat but long orders still stacked this high, even a small drop could trigger a liquidation cascade.
Watch to see whether ETF outflows stop today, or whether $2,392 gets tested first.
Personal observations, not investment advice
#EthereumSurpasses2500USDT #TinFed #EtherETFsExtendOutflowsToNineDays