Ethereum Funds See $184.6 Million in Outflows as Long Positions Are Widely Liquidated
Key Facts
Spot Ethereum exchange-traded funds recorded net outflows of $184.6 million on November 9, 2026, according to Farside Investors data, signaling a decline in money flowing into the funds during the session. This coincided with a wave of Ethereum position liquidations exceeding $462 million over 24 hours, according to CoinGlass data cited by Crypto.news in a report published on November 9. Most were long positions, with liquidations totaling about $425 million, compared with $37 million in short positions. The developments presented a picture of simultaneous pressure on fund flows and leveraged positions, without proving on their own that one caused the other. Ethereum’s close against the dollar on November 9 was $2,135.24, according to EL7 data.
Long position liquidations accounted for about 92% of all positions liquidated during the 24-hour period cited in the report, according to CoinGlass. Crypto.news said Ethereum position liquidations exceeded $462 million, comprising about $425 million in long positions and $37 million in short positions. This breakdown means most liquidations involved bets on a price rise, with holders facing forced closure as the market moved. The report said Lookonchain identified one long position liquidation of 56,667 Ethereum, after the trader had reduced exposure earlier. This incident adds a specific example to the broader liquidation wave, but does not change the range of the aggregate figures attributed to CoinGlass data.
On the fund side, the $184.6 million in outflows on November 9 came after spot Ethereum funds recorded net outflows of about $365.2 million between November 2 and 6, according to figures cited by Crypto.news. The week’s trend was not one-way; the funds recorded net inflows of $53 million on November 4. That divergence shows daily flows temporarily reversed during the week before a large net outflow was recorded on its final day. The report said withdrawals totaled $139.7 million on Monday and $85.3 million on Tuesday, followed by inflows on Wednesday. The weekly figures remain a separate time frame from the net outflow recorded on November 9.
On price action, Crypto.news reported that Ethereum traded near $2,146 on November 9, after moving between $2,108 and $2,243 during the previous day. This was a reading dated in that day’s report, while EL7 data recorded a daily close of $2,135.24 on November 9, compared with $2,127.46 on November 8. The daily close therefore rose between the two sessions, despite the November 9 session coinciding with fund outflows and widespread liquidations. Over a longer period covered by the available figures, the close fell from $2,424.61 on November 4 to $2,135.24 on November 9. This comparison shows the closing-price movement between the two dates, while the reading near $2,146 and the previous day’s range remain separate data cited by the report.
EL7 data provides a direct comparison between the November 9 close and the previous day’s close, with the price rising from $2,127.46 on November 8 to $2,135.24 on November 9. By contrast, the November 9 close was below the $2,424.61 level recorded on November 4. These figures place the session’s outflows and liquidations within a broader decline in the close between the two dates, alongside a modest rise between the latest two available sessions. The facts reported include no figures for a later price or flows after November 9, so this account ends with data from that session. The next development to track in this series is the flows and closing-price data for subsequent periods when released.