🚨 $ETH ETH: 9 STRAIGHT DAYS OF OUTFLOWS
US spot Ethereum ETH have now seen net outflows for 9 consecutive trading days, with roughly $697M withdrawn since Sept 29. 📉
📊 Key numbers:
🔻 $542.1M left last week, the worst weekly outflow since January
🔻 $56.1M out on Oct 9 alone
🏦 BlackRock’s ETH led most of the withdrawals
🧠 My take: Outflows don’t mean institutions have abandoned $ETH, and they don’t guarantee another drop. But with $ETH around the $2,500 area, sustained outflows can keep sentiment under pressure. I’m also watching $BTC for any spillover. ⚖️
What’s your view: bounce or more downside? 👇 ETH BTC #Ethereum #ETH #crypto #BinanceSquare
US spot Ethereum ETH have now seen net outflows for 9 consecutive trading days, with roughly $697M withdrawn since Sept 29. 📉
📊 Key numbers:
🔻 $542.1M left last week, the worst weekly outflow since January
🔻 $56.1M out on Oct 9 alone
🏦 BlackRock’s ETH led most of the withdrawals
🧠 My take: Outflows don’t mean institutions have abandoned $ETH, and they don’t guarantee another drop. But with $ETH around the $2,500 area, sustained outflows can keep sentiment under pressure. I’m also watching $BTC for any spillover. ⚖️
What’s your view: bounce or more downside? 👇 ETH BTC #Ethereum #ETH #crypto #BinanceSquare