Markets· ★★★· neutral·

Ethereum Rebounds Above $2,500 After Tenth Straight Day of ETF Outflows

  • —ETH ETFs saw $85.4 million in net outflows on 12 October, the tenth straight session, bringing the streak total to $782.8 million
  • —BitMine holds 6,028,946 ETH, about 4.9% of supply, with 84% staked
  • —$14.76 million in short liquidations across Binance, Bybit and OKX supported the rebound
  • —Price remains below the 200-period EMA at $2,558 and the $2,540 level
Why it matters: Persistent ETF outflows weigh on ETH, but BitMine's accumulation and staking could limit downside if $2,500 holds.
#ETH
Source: The Crypto Times
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