COINS
Ethereum Hits $1,800 as ETF Outflows Mount
Ethereum slid to $1,800 this week as derivatives positioning turned defensive and roughly $224 million in leveraged longs were liquidated. Options data from Deribit shows rising demand for downside protection, while onchain metrics such as total value locked and fee generation have softened. A $7.3 million ETH sale by co-founder Vitalik Buterin and continued outflows from U.S.-listed spot Ether ETFs have further pressured sentiment, leaving the near-term outlook cautious.
