US spot Ethereum ETFs experienced a five-day losing streak, recording total net outflows of $206 million, including $50.76 million on October 5. As Ethereum trades near the $2,700 level, approximately $414.1 million in long positions are currently situated in liquidation zones. Recent market volatility has already led to the liquidation of $148.3 million in various crypto positions.
Ethereum faces technical pressure with significant long positions in liquidation zones, following $148.3 million in recent market-wide liquidations reported by Crypto Briefing.
Read the full storyUS spot Ethereum ETFs recorded net outflows for five consecutive sessions as institutional demand cools and selling pressure hits the derivatives market.
