🔻 Ethereum Falls Below $2,000 as $145 Million ETF Outflows Deepen Selling Pressure.
Ethereum (ETH) dropped below $2,000 on November 13, reaching approximately $1,935 as a broader cryptocurrency sell-off pushed the asset to its lowest level since August. The decline accelerated alongside Bitcoin's fall below $70,000, triggering widespread liquidations across digital asset markets.
U.S. spot Ethereum ETFs recorded approximately $144.8 million in net outflows on November 11, marking another session of institutional withdrawals. BlackRock's ETHA accounted for approximately $129.8 million. Meanwhile, nearly $250 million in leveraged ETH positions were liquidated, with long positions accounting for most forced closures.
For investors, the combination of ETF withdrawals and leveraged liquidations highlights weakening demand for Ethereum. The $2,000 level has become a critical psychological threshold, while renewed institutional inflows and stronger spot buying will be essential for a sustainable recovery.
Ethereum (ETH) dropped below $2,000 on November 13, reaching approximately $1,935 as a broader cryptocurrency sell-off pushed the asset to its lowest level since August. The decline accelerated alongside Bitcoin's fall below $70,000, triggering widespread liquidations across digital asset markets.
U.S. spot Ethereum ETFs recorded approximately $144.8 million in net outflows on November 11, marking another session of institutional withdrawals. BlackRock's ETHA accounted for approximately $129.8 million. Meanwhile, nearly $250 million in leveraged ETH positions were liquidated, with long positions accounting for most forced closures.
For investors, the combination of ETF withdrawals and leveraged liquidations highlights weakening demand for Ethereum. The $2,000 level has become a critical psychological threshold, while renewed institutional inflows and stronger spot buying will be essential for a sustainable recovery.