Ethereum's price has dropped to around $1,740, falling below the whale realized price near $1,900, indicating many large holders are facing unrealized losses. The price is also trading below a significant long-term benchmark on Binance, a rare occurrence that signals weakening market confidence. Recent liquidations of over 21,540 ETH worth $34.1 million have added selling pressure, with nearly $547 million in leveraged positions still at risk. While retail buyers are active near $1,550-$1,600, large holders continue selling, creating a fragile balance that prevents a strong recovery. Ethereum's stabilization depends on stronger buyer conviction to absorb supply and reclaim key price levels.
Bitcoin hovered just below $60,000 with a slight 0.6% gain, reflecting cautious trader sentiment as derivatives data and chart patterns suggest continued downside risk. While Solana and Avalanche showed some rebounds, their futures open interest indi...
Ethereum's price remains stuck below $1,600 due to ongoing selling pressure from spot Ethereum ETFs, which have seen $273 million in outflows over seven weeks, mainly from BlackRock's ETHA. Despite a bullish $62.4 million ETH purchase by SharpLink Ga...
U.S. Bitcoin and Ethereum spot ETFs experienced nearly $2 billion in outflows in late June due to increasing regulatory scrutiny and geopolitical uncertainties, including U.S.-Iran tensions. BlackRock’s Bitcoin and Ethereum ETFs led the withdrawals, ...
SharpLink has resumed its Ether buying campaign, acquiring 39,196 ETH worth about $62.4 million over three days after an eight-month pause. The company now holds over 876,000 ETH but faces an unrealized loss of roughly $1.71 billion as Ether trades b...
Last week, XRP exchange-traded funds (ETFs) attracted nearly $23 million in net inflows, defying the broader cryptocurrency market trend where Bitcoin and Ethereum ETFs experienced significant outflows of $1.79 billion and $273 million respectively. ...
