Ethereum (ETH) holders are in a state of limbo after the latest price reverted to $3,000 price for the first time since early November.
As a result, this dip has undone almost all the gains achieved in Q4 2024. This bearish performance has the market shook and nowhere is that more evident than in the ETH derivatives segment.
ETH derivatives net flows on exchanges have reportedly experienced another major outflow by almost 60,000 ETH.
The recent outflows have occurred barely 2 days after an almost similar amount of ETH was pulled from the derivatives market on exchanges.
According to CryptoQuant analyst, this outcome could potentially indicate a medium term bullish sentiment for Ethereum price or signal the closure of large positions due to sell pressure.
The latter is likely the reason considering the extreme appetite for leverage that has been playing out over the past few months.
The recent downside shock resulted in a massive liquidation event. Appetite for leverage
We współpracy z: https://www.thecoinrepublic.com/2025/02/06/eth-derivatives-net-flows-on-exchanges-drop-drastically/
