Overview
- Ether fell through $2,000 on Friday, triggering more than $110 million in forced liquidations of long bets, according to Coinglass.
- U.S. spot Ethereum ETFs recorded seven straight days of net withdrawals totaling about $392 million, including a reported $92.5 million one-day outflow with BlackRock selling $43.2 million.
- Derivatives risk jumped as CryptoQuant’s Estimated Leverage Ratio hit a record near 0.995 on Friday, a gauge that shows futures exposure was almost as large as the coins held on exchanges.
- Price briefly rebounded above $2,000 on Saturday before slipping again, and technicians now flag support near $1,911 and $1,750 as key levels that could define the next move.
- Exchange balances have dropped to roughly 15–16 million ETH and large holders are pulling coins into staking or cold storage, even as on-chain usage sets new highs and price lags that activity.