Short sellers were forced out overnight with $260 million liquidated! ETH, however, is stuck at $2,690 unable to move, with $1.2 billion in long and short triggers set simultaneously.
As of October 3, ETH is priced around $2,690, down slightly 0.39% in 24 hours, continuing to trade sideways in the $2,600-$2,800 range. In the past 24 hours, $339 million was liquidated across the network, with shorts liquidated at a high of $260 million, longs only $78.93 million, and Ethereum alone liquidated $91.89 million — shorts remain the biggest fuel.
Whale activity is sharply divided. An ancient whale who bought 560,000 ETH at $0.31 in 2015 transferred 133,298 ETH ($356 million) to a new address 5 hours ago, marking the first large movement in 4 years. But over the past week, Ethereum whales overall have increased holdings by about 60,000 ETH ($162 million) against the trend, sharply contrasting with Bitcoin whales reducing 30,000 BTC.
ETF funds continue to pour in. Ethereum spot ETFs saw a net inflow of $3.11 billion in Q3, the third highest quarterly level in history, with total net assets reaching $17.79 billion, more than doubling from before.
Key levels:
If ETH falls below $2,565, cumulative long liquidations on major CEXs reach $1.238 billion;
Conversely, breaking above $2,832 triggers short liquidations totaling $1.132 billion.
#US September nonfarm payrolls increased by only 29,000, unemployment rate rose to 4.2%
$ETH
