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Bitsky000

06/24 04:30

$170M Ether Longs Liquidated as ETH Slumps—What’s

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$170M Ether Longs Liquidated as ETH Slumps—What’s Next for Price? Ether (ETH) slid about 5% on Tuesday, unwinding a 12-day rebound and triggering roughly $170 million in liquidations of leveraged long positions. The selloff also coincided with a sharp deterioration in derivatives sentiment: ETH perpetual futures funding rates moved into deeply negative territory, suggesting traders were increasingly willing to pay to maintain bearish exposure. At the same time, broader risk appetite remained fragile. US-listed spot Ether ETFs saw six straight weeks of net outflows, cutting total assets to $9.4 billion after $910 million left since mid-May, according to SoSoValue. Against that backdrop, new operational pressure from the Ethereum Foundation—reported as a 40% budget cut leading to layoffs of 20% of staff—adds a separate layer of uncertainty for investors tracking Ethereum’s institutional pipeline
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