7 hours ago

Ethereum Price Faces 525K ETH Supply Risk as ETF Outflows Mount

TLDR: The Ethereum price traded near $2,250 on October 31 as ETF outflows and a large attacker-linked ETH holding drew investor attention. Glassnode reported 23 straight ETF outflow sessions, with Farside data showing a $4.4 million inflow on October 23 and a five-day streak. Wallets linked to the Binance hack held an estimated 525,200 ETH [...]

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Source: Blockonomi →