Ethereum fell to $1,506, its lowest price since April 2025, as spot ETF outflows exceeded $870 million over four weeks. The decline coincides with rising exchange deposits and deleveraging in derivatives markets.
Data showed spot Ethereum ETFs recorded four consecutive weeks of withdrawals totaling more than $870 million. Total assets in these funds dropped over 70 percent from a $30 billion peak to $8.71 billion. Exchange inflows reached 2.24 million ETH in one day, with Binance handling more than half. A dormant wallet tied to Ethereum co-founder Joseph Lubin transferred 80,001 ETH, valued at about $122 million. Bitcoin open interest fell 25 percent to $23.2 billion, while Ethereum open interest declined 13 percent to $9.8 billion. Options traders increased demand for downside protection, with put-to-call premiums rising to 3.7 times and short-dated implied volatility jumping to 67 percent. Ethereum recovered 7.88 percent in the latest 24 hours and remains the second-largest cryptocurrency by market capitalization.
