ETH Dips 3.85% as $1.16B Liquidated, ETP Outflows Fuel Volatility; Demand Zone Shows Accumulation
Ethereum (ETHUSDT) experienced a 3.85% price decline in the last 24 hours, closing at $1982.71 on Binance. This movement is attributed to several factors: increased volatility following the awakening of a dormant pre-mine address, significant leveraged short positions being opened, and large-scale liquidations wiping out over $1.16 billion in ETH positions. Additionally, global crypto ETPs saw net outflows of $173 million from ETH products, contributing to selling pressure. Despite intense trading activity and volume of $24 billion, ETH stabilized in a demand zone between $1,960 and $1,980, suggesting accumulation after a correction, while the high volume on Binance reflects ongoing investor engagement.
🚨 KEY EVENTS THIS WEEK – VOLATILITY LOADING 🚨
This week is stacked with market-moving catalysts. Here’s what traders need on their radar:
Monday: 🇺🇸 U.S. markets closed for Presidents Day.
→ Expect thinner liquidity in global markets. Low volume can exaggerate moves.
Wednesday:
• December Durable Goods Orders
• FOMC Meeting Minutes release
The Durable Goods data will give insight into business spending and economic momentum.
The FOMC minutes? That’s where traders dissect every word for clues on rate cuts, inflation concerns, and the Fed’s next move.
Friday:
• December PCE Inflation data (the Fed’s preferred inflation gauge)
• 15% of S&P 500 companies reporting earnings
PCE is the big one. If inflation surprises in either direction, expect sharp moves across stocks, crypto, and yields. Add heavy earnings volume and you’ve got a recipe for major swings.
📊 Liquidity shifts.
📈 Inflation data.
🏦 Fed signals.
💼 Earnings pressure.
This isn’t the week to trade emotionally.
Manage risk. Respect support and resistance. Stay sharp.
Big volatility ahead. #MarketRebound
#VVVSurged55.1%in24Hours Techub News reports that according to Onchain Lens monitoring, addresses starting with 0x953 have deposited 732,481 VVV (worth approximately 3.03 million USD) into Coinbase in the past 24 hours, realizing a profit of about 1.77 million USD. This address initially withdrew 763,725 VVV (worth approximately 1.56 million USD) from Coinbase, then staked it for 6 months, and returned a total of 849,500 VVV (worth approximately 3.33 million USD) back to Coinbase.