Ethereum (ETH) Price: Leverage Falls 91% as ETF Demand Grows

TLDR Combined leverage on Binance and Bybit fell 90.9%, dropping from $1.12 billion to $102 million between August 22 and August 30. ETH price has stayed near $2,500 despite the sharp drop in derivatives activity. U.S. spot Ethereum ETFs pulled in about $1.5 billion over 10 trading days since August 15. BlackRock’s ETHA fund accounted [...]

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