#NasdaqDowWeeklyGapWidestSinceJuly2002
What is causing Ethereum to decline?
Liquidation of leveraged long positions: Market analysis indicated that approximately $283 million worth of ETH long positions were liquidated, increasing selling pressure.
Concerns about U.S. inflation: Fears that inflation will remain high could reduce investorsโ appetite for high-risk assets, including cryptocurrencies.
ETF flows: U.S. spot Ethereum ETFs saw a strong wave of outflows during October, despite recording positive inflows in the October 13 session.
These factors explain the potential pressure, but they do not guarantee that the decline will continue.
What is causing Ethereum to decline?
Liquidation of leveraged long positions: Market analysis indicated that approximately $283 million worth of ETH long positions were liquidated, increasing selling pressure.
Concerns about U.S. inflation: Fears that inflation will remain high could reduce investorsโ appetite for high-risk assets, including cryptocurrencies.
ETF flows: U.S. spot Ethereum ETFs saw a strong wave of outflows during October, despite recording positive inflows in the October 13 session.
These factors explain the potential pressure, but they do not guarantee that the decline will continue.