Altcoins News
By Pankaj K
1 / 15
Ethereum Suffers Steep Two-Day Decline. After trading close to $4,000 on Monday, Ethereum fell sharply to around $3,000 by late Tuesday…
2 / 15
$1 Billion in Liquidations as Leverage Unwinds. According to CoinGlass data, over $970 million in leveraged Ethereum positions were liquidated…
3 / 15
Institutional Buyers Step Back. Markus Thielen, head of research at 10x Research, said in a Tuesday note that Ethereum’s breakdown…
4 / 15
ETF Demand and Retail Interest Collapse. Another factor driving the decline is the sharp drop in Ethereum ETF inflows.
5 / 15
Analyst Outlook: More Downside Possible. With most of the bullish catalysts from earlier in the year now gone — including ETF optimism,…
6 / 15
Market Sentiment Turns Defensive. The latest downturn comes as macroeconomic uncertainty weighs on risk assets, including…
7 / 15
Ethereum (ETH) extended its steep decline this week, falling more than 20% in just two days and triggering nearly $1 billion in liquidations across leveraged derivatives markets.
8 / 15
After trading close to $4,000 on Monday, Ethereum fell sharply to around $3,000 by late Tuesday afternoon — its lowest level since mid-July.
9 / 15
Market data from CoinDesk shows ETH was last seen hovering near $3,200 after a brief rebound, still down nearly 10% in the past 24 hours.
10 / 15
Analysts say the magnitude of these liquidations reflects excessive leverage in the market, where traders had become overly optimistic following Ethereum’s summer rally toward…
11 / 15
Markus Thielen, head of research at 10x Research, said in a Tuesday note that Ethereum’s breakdown has exposed a lack of institutional support at current levels.
12 / 15
Thielen estimates BitMine’s average purchase price at roughly $3,900 per token, putting the firm’s unrealized losses near $2 billion.
13 / 15
“The real question is: who will step in as the next major buyer of ETH now that BitMine has seemingly used up its firepower?” Thielen noted.
14 / 15
Another factor driving the decline is the sharp drop in Ethereum ETF inflows. During July and August, institutional investors poured nearly $9.
15 / 15
However, since the October crash, inflows have all but dried up. Thielen noted that only $850 million has exited ETH ETFs since mid-October — suggesting there may be more selling…
The Currency Analytics
Want the full story?