Altcoins News
By Evie Vavasseur
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Amid heightened volatility and macroeconomic drama, Ethereum [ETH] managed to attract over $11 million in inflows into its U.S.
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Ethereum ETFs Outperform Bitcoin Amid Volatility
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On June 5, Ethereum ETFs saw $11.26 million in net inflows, according to data from Soso Value. In sharp contrast, Bitcoin ETFs recorded daily outflows of $278.44 million.
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Notably, ETH ETFs have now recorded 16 consecutive days of net inflows. This consistency suggests that big players are not merely dipping their toes into the water—they’re…
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ETH Price Still Faces Short-Term Pressure
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Despite the ETF inflows, ETH's price dropped by 7% on Thursday, falling from $2,600 to a low of $2,390. It slightly rebounded to $2,400 by press time.
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The futures market also saw bulls suffer. Over the past 24 hours, long positions faced $256 million in liquidations, while shorts lost just $30 million, revealing an imbalance…
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Sellers Exhausting, But Traders Stay Cautious
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One encouraging sign for ETH is that the Seller Exhaustion Constant, a key on-chain indicator from Glassnode, has returned to levels last seen in April.
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In addition, analysts like Income Sharks believe ETH is still technically on an uptrend. After defending its $2,300 support zone, ETH may still aim for the psychological $3,000…
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Institutional confidence could play a key role here. If ETF inflows continue and treasury purchases rise, this could help Ethereum maintain its foothold and climb higher.
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Options Market Suggests Traders Are Hedging Risks
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While institutions are leaning bullish, options traders remain wary. Data from Velo shows that the 25 Delta Skew—a metric that reflects the demand for puts versus calls—spiked…
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In simple terms, traders have been more eager to purchase put options (bearish hedges) than call options (bullish bets), indicating a risk-off mindset.
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Although the 1-week Delta Skew later softened from 5% to 3%, suggesting some easing of fear, it remains elevated.
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