Ethereum Nears Worst October Since 2018 Amid ETF Outflows
Ethereum faces its worst October performance since 2018 as early holders move over $140 million in tokens and spot ETF outflows approach record levels.
Ethereum is heading toward its worst October monthly performance since 2018, according to BeInCrypto. The decline is being driven by heavy selling pressure from long-term holders and mounting institutional withdrawals.
Whale Transfers and ETF Outflows
Instant Telegram notifications for large on-chain moves.
Early Ethereum holders have reactivated dormant holdings, with whales moving more than $140 million worth of the cryptocurrency. Simultaneously, net outflows from spot Ethereum exchange-traded funds are approaching record highs, further dampening market sentiment.
Key facts
- Ethereum is on track for its worst October performance since 2018.
- Early Ethereum whales have transferred over $140 million in tokens.
- Spot Ethereum ETF outflows are nearing record levels.
Source: news.google.com
This article is for information only and is not investment advice. BullishMarketCap news is produced with AI assistance from public sources and reviewed by our editors; see our editorial policy. Spotted an error? Tell us.
