ETH Drops 5.53% Amid $1.16B Market Liquidations, ETF Outflows Intensify Volatility

Ethereum (ETHUSDT) experienced a 5.53% price decrease over the past 24 hours, currently trading at $2,289.44 on Binance. The decline is primarily attributed to significant liquidations, including $371 million in Ethereum settled to repay Aave loans and total market liquidations exceeding $1.16 billion, which increased volatility and triggered short-selling activity. Additional factors contributing to the downturn include net outflows of $326.93 million from spot ETH ETFs, pressure from large insider deposits, and broader concerns over crypto ETF outflows totaling $790 million. Despite high volatility with price swings between $2,495.31 and $2,166.14, the ETH/USDT pair saw robust trading volume of $2.81 billion on Binance in the last 24 hours, maintaining Ethereum’s status as the second-largest cryptocurrency by market capitalization.