Ethereum Whale Executes Major CEX Withdrawal of $15.51M

Crypto News: Ethereum Pectra Is In FInal Stages While Pepeto Staking Math Turns Heads With Massive Returns

The Ethereum Foundation just confirmed the Pectra upgrade is on track for its scheduled rollout, bringing account abstraction, blob scaling, and validator improvements to the network. As the Ethereum crypto news cycle heats up, the upgrade reminds the market that infrastructure wins, and

Over $9 billion lost in 4 months! Bitcoin and Ethereum ETF face the "longest bleeding" in history

The US Bitcoin and Ethereum spot ETFs are experiencing a massive capital exodus, with four consecutive months of net outflows totaling over $9 billion. The Bitcoin spot ETF has seen outflows of $6.39 billion, while the Ethereum ETF has seen outflows of $2.76 billion, indicating that institutional investors have lost interest in cryptocurrencies, leading to a continuous decline in prices. The market in early 2024 was once prosperous due to the launch of ETFs and Trump's election, but now it has entered a winter season.

Data: If ETH breaks through $2,048, the total liquidation strength of mainstream CEX short positions will reach $869 million.

ChainCatcher Message: According to Coinglass data, if ETH breaks through $2,048, the total liquidation strength of mainstream CEX short positions will reach $869 million. Conversely, if ETH drops below $1,855, the total liquidation strength of mainstream CEX long positions will reach $632 million.