ETH Surges 4.55% as ETF Outflows and Whale Shorting Drive Volatility, Lending Market Booms

Ethereum (ETHUSDT) experienced increased volatility over the past 24 hours, with significant price movements attributed to heightened selling activity from large holders initiating substantial short positions and elevated leverage among short traders. Additional sell pressure was driven by outflows from ETH ETFs, while some whale traders realized profits from short trades. Despite broader macroeconomic concerns and mixed sentiment in the market, Ethereum maintained strong institutional adoption, as reflected in its dominance of the tokenization sector and a surge in its lending market.

Currently, ETHUSDT is trading at $2,925.26 on Binance, marking a 4.55% increase from its 24-hour open of $2,797.84. Trading volume remains robust at approximately $30–32 billion, with the price fluctuating between $2,787.00 and $2,951.21 and a market capitalization of roughly $350–352 billion, solidifying Ethereum’s position as the second largest cryptocurrency by market cap.