Spot Ethereum ETFs see $94M net outflows as whales dump ETH

The whales continuing to pour and locate ETHEREUM ETHERE signaling large net outputs, Ethereum is subject to increasing sales pressure.

According to Sosovalue dataWe Ethereum (Ethn) FNB spots experienced $ 94.3 million in net outings on February 26. Blackrock led the outings with $ 69.7 million, followed by Fidelity with $ 18.3 million and gray levels with $ 3 million. During last week, total net outings reached $ 222 million.

ETH fell 5% in the last 24 hours, trading at $ 2,340 at the time of the press. According to Coinglass, the 24 -hour liquidations totalized $ 127.93 million. A lower activity and liquidity of challenge are also observed in the total value of locked Ethereum, which has fallen At 51.5 billion dollars, the lowest level since November 2024.

The activity of the growing whale adds to the pressure. The Blockchain Analysis Society, Lookonchain, identified and reported two important transactions on February 27. These included a sale of $ 19.63 million of 8,074 ETH and a depot of 23.44 million dollars of 10,000 ETH in Binance. Large holders are likely to come out of their positions.

The sale coincides with greater agitation in the market while former American president Donald Trump reiterated the plans for a 25% rate on imports from the European Union, which caused the volatility of the cryptocurrency markets.

The last hack Bybit, which amounts to $ 1.4 billion, added to the negative feeling. Despite the loss, some analysts had expected The large -scale acquisition of ETH by Bybit to compensate for losses would increase the price of Ethereum. However, the sales pressure continued to win on all bullish expectations.

Ethereum can find the support of two important developments, despite the current lower perspectives. If the Securities and Exchange Commission approve The development of ETHEREUM ETHE, it can strengthen Ethereum’s position as long -term investment ratio.

In addition, on April 8, the long -awaited pectra upgrade should be put online. The planned improvements in the scalability and efficiency of the network could attract new developers and investors, acting