Coinspeaker
Dec 2, 2025
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ETH ETFs Face $79M Outflow as BlackRock Purchases $26.7M

Ether Price Movement

  • Ether (ETH) experienced a sharp pullback, dropping below the $2,800-$2,850 support level.
  • Current trading is around $2,800 with a market cap of $337.7 billion.
  • If ETH fails to reclaim $2,800, it may decline towards $2,500. Conversely, regaining this level might push it above $3,000.

Ethereum open interest by exchange | Source: CryptoQuant

Open Interest and Market Dynamics

  • Ethereum's open interest on Binance fell from $12.6 billion to $6.2 billion, marking a 51% decrease.
  • This reduction in open interest might help stabilize the market by clearing excess leverage.

Institutional Activity

  • Despite ETF outflows of $79 million, institutions like BlackRock purchased $26.7 million worth of ETH.
  • A trader opened a 2x position on 20,000 ETH (~$56 million) after a recent price dip.
  • The same trader made a $1 million profit from a short position before the market downturn.

Upcoming Events

  • Ethereum's Fusaka upgrade is scheduled for Dec. 3, aiming to increase network capacity and reduce transaction costs.