Ethereum leverage hits 11-month low as ETF outflows persist
- —ETH estimated leverage ratio fell to 0.62, lowest since November 2025
- —US spot ETH ETFs saw 10 consecutive sessions of net outflows
- —ETH ETFs bled $85.4 million Monday, then took in $24.84 million Tuesday
- —Coinbase Premium Index slid to -0.117, lowest since August 10
Why it matters: Lower leverage cuts the risk of cascading liquidations, but weak US demand and ETF redemptions cap ETH's recovery above $2,548.
Source: Invezz