Ethereum is facing growing institutional selling pressure.
$ETH ETFs have reportedly recorded 23 consecutive weeks of outflows, with withdrawals exceeding $1B by October 30.
The latest session alone saw $155.8M leave, including $76.6M from BlackRock’s ETHA.
Meanwhile, $ETH has slipped from nearly $2,700 in late September to around $2,300.
Institutional demand was strong in August and September, but October tells a very different story.
The big question now: Can spot buyers absorb the selling pressure, or is more downside ahead for $ETH ?
#Ethereum #ETH
$ETH ETFs have reportedly recorded 23 consecutive weeks of outflows, with withdrawals exceeding $1B by October 30.
The latest session alone saw $155.8M leave, including $76.6M from BlackRock’s ETHA.
Meanwhile, $ETH has slipped from nearly $2,700 in late September to around $2,300.
Institutional demand was strong in August and September, but October tells a very different story.
The big question now: Can spot buyers absorb the selling pressure, or is more downside ahead for $ETH ?
#Ethereum #ETH
