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Ethereum falls 5% to 6% as ETF outflows and leverage drive liquidations

Spot Ethereum ETFs logged another day of outflows, extending withdrawals to seven straight sessions, according to Forexlive.

Reported · Written up by our desk · Ethereum

Ethereum slid about 5% to 6% after sustained pressure from persistent spot Ethereum ETF outflows and heavy leverage amplified a broader risk off selloff, Forexlive reports.

The outlet said the drop was not tied to a major Ethereum specific negative development, instead pointing to worsening ETF flows alongside elevated long positioning that intensified downside moves through liquidations.

Forexlive also linked the weaker tone to a more challenging macro backdrop, citing rising oil prices and higher Treasury yields that kept rate hike expectations steady, plus a stronger US dollar weighing on risk assets.

The report raised whether the move reflects a leverage flush or the start of a longer correction, noting continued ETF outflows as a key factor to watch.

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