Fun

Investors Are Fleeing Ethereum, On‑Chain Numbers Reveal

News Feed - 2025-06-15 04:06:37

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.


With investor demand seemingly on the rise, the Ethereum price looked set to cross the psychological $3,000 level over the past week. However, this dream hit a major stumbling block after geopolitical tensions quickly escalated in the late hours of Thursday, June 13.


It didn’t take much time for Israel’s airstrike against Iran to impact the global financial markets, with crypto prices succumbing to a fresh wave of downward pressure. Specifically, Ethereum, the second-largest cryptocurrency by market cap, has lost about 6% of its value in the past 24 hours. Is Capital Flowing Out Of ETH Into BTC?


In a Quicktake post on the CryptoQuant platform, on-chain analyst Amr Taha shared fresh insights into the wave of volatility that recently hit the cryptocurrency market. The crypto pundit noted that Ethereum and Bitcoin were particularly impacted by the recent global happenings. Related Reading A Rare Bitcoin Signal Is Flashing: Could the Bull Run Just Be Getting Started? 22 hours ago


Firstly, Taha noted the decline in the Ethereum Open Interest (OI) on Binance, the world’s largest cryptocurrency exchange by trading volume. Data from CryptoQuant shows that the ETH OI metric experienced a significant 19% dip in the past 24 hours, coinciding with a decrease in price.


The Open Interest indicator estimates the total amount of money flowing into derivatives of a specific cryptocurrency at any given time. A falling OI value is often considered a bearish signal, as it suggests a decline in investor confidence and positive sentiment. Source: CryptoQuant


According to Taha, this latest abrupt decline in the Ethereum Open Interest points to a wave of panic-induced selling, with investors instinctively exiting their long positions. “Traders likely rushed to close their long positions, either manually in fear of deeper losses or automatically via forced liquidations as stop-loss triggers were hit,” the analyst said.


Taha drew a parallel relationship between the falling Ethereum Open Interest and the flow of Bitcoin out of Coinbase, the largest centralized exchange in the United States. CryptoQuant data shows a significant withdrawal of 7,000 BTC from the trading platform in the past day.


According to Taha, this substantial exchange outflow of Bitcoin, coinciding precisely with the Ethereum OI decline, suggests fresh buying and that large investors may be strategically repositioning for accumulation. This trend might not be particularly positive for ETH, as it shows that capital might be rotating back into the premier cryptocurrency. Ethereum Price At A Glance


As of this writing, the price of ETH stands at around $2,546, reflecting an almost 4% decline in the past 24 hours. Related Reading Ethereum Faces Stress As Israel-Iran Conflict Shakes Sentiment – ETH/BTC Support In Focus 1 day ago The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView Featured image from iStock, chart from TradingView

News Feed

Doge Token Pumps After Elon Musk Tweets ‘Dogecoin Is the People’s Crypto’
Doge Token Pumps After Elon Musk Tweets "Dogecoin Is the People’s Crypto" Elon Musk has tweeted that dogecoin is the people’s crypto shortly after the bi
Open-source Bitcoin education aims to spread global financial literacy
Savannah Fortis9 hours agoOpen-source Bitcoin education aims to spread global financial literacyMi Primer Bitcoin, a pioneering Bitcoin education initiative in El Salvador, released the latest edition of its program, emp
Terra’s Luna Foundation Scoops up 4,130 Bitcoin Worth $176 Million
Terra"s Luna Foundation Scoops up 4,130 Bitcoin Worth $176 Million On Sunday, April 10, 2022, the Terra (LUNA) project and Luna Foundation Gaurd (LFG) acquired 4,130 bitcoin worth
Bitcoin Futures Open Interest Smashes $15 Billion, CME Registers Over $33 Million in ETH Contracts
Bitcoin Futures Open Interest Smashes $15 Billion, CME Registers Over $33 Million in ETH Contracts Following the revelation that Tesla now owns $1.5 billion in b
Bitcoin Hashrate Bounces Back- 2x the Mining Pools, Farm Diversification, 100 Exahash
Bitcoin Hashrate Bounces Back- 2x the Mining Pools, Farm Diversification, 100 ExahashAround 18 days ago, the Bitcoin protocol experienced it’s third block reward halving and t
Bitcoin Shows Signs of Recovery as Leverage Decreases and Outflows Rise
Este artículo también está disponible en español. Bitcoin is now experiencing a break from last week’s steady decline, which saw the asset drop as low as $94,000. As of
Brayden Lindrea6 hours agoElon Musk imposes ‘rate limit’ on Twitter, citing extreme ‘system manipulation’Verified Twitter users will be allowed to view 10,000 posts daily, while new, unverified accounts will get
Beetlejuice Gets 1-of-1 NFT: Exclusive One-and-Only NFT of Pop Culture Icon Is Now Being Auctioned on Goldin
Beetlejuice Gets 1-of-1 NFT: Exclusive One-and-Only NFT of Pop Culture Icon Is Now Being Auctioned on Goldin press release PRESS RELEASE. Lester Green, known to millions of fans as
Mozaic Finance hacked for $2.4M via private key compromise
Christopher Roark3 hours agoMozaic Finance hacked for $2.4M via private key compromiseThe yield farming app was exploited through a possible private key compromise, according to a CertiK report.823 Total views28 Total sh
Bitcoin, Ethereum Technical Analysis: BTC Falls From Recent High, Ahead of US Non-Farm Payrolls
Bitcoin, Ethereum Technical Analysis: BTC Falls From Recent High, Ahead of US Non-Farm Payrolls Bitcoin retreated from a six month high on Feb. 3, as bears reentered the market ahe
Cryptovoxels Is Rebranding to Voxels
Cryptovoxels Is Rebranding to Voxels press release PRESS RELEASE.Cryptovoxels, one of the most significant players in the metaverse space, is rebranding to Voxels. The rebrand will
Why is Solana (SOL) price down today?
Biraajmaan Tamuly8 hours agoWhy is Solana (SOL) price down today?Solana registered a 10% decline over the weekend, failing to close above a psychological level at $150 on the weekly candle.74161 Total views942 Total shar