Glamsterdam Upgrade Goes Live on Sepolia Testnet as ETH Slips Below $2,600
- —Glamsterdam bundles the Amsterdam and Gloas upgrades, with 18 core and 7 supporting proposals
- —The gas limit rises from 60 million to 200 million per block
- —Over $400 million in longs were liquidated in 20 minutes; ETH trades near $2,617, down 2.98%
- —Spot Ethereum ETFs saw $207 million in net outflows over six consecutive days
Why it matters: The testnet launch is a required step before mainnet; ETF outflows and heavy liquidations show traders are pricing in a possible drop to $2,400–2,600.
Source: CoinCentral