ETH Falls To $1.8K As Bearish Data Spooks Investors
Ether dropped to $1,800, driven by bearish derivatives data, low onchain activity, and significant ETF outflows.Summary
Ether (ETH) plummeted to $1,800, liquidating $224 million in leveraged long positions over 48 hours, leading top traders to adopt defensive strategies. Bearish indicators include a jump in the ETH options put-to-call volume premium to 2.2x, signaling a scramble for downside protection, and a 30-day options delta skew of 18%. Furthermore, onchain activity is weak, with Ethereum's Total Value Locked (TVL) falling to $51 billion, the lowest since May 2025, and network fees dropping significantly. Investor sentiment is further dampened by $405 million in net outflows from US-listed Ether ETFs since February 11th, contrasting with inflows into gold ETFs. ETH's high correlation with Bitcoin (above 95%) suggests its price movement is tied to the broader market uncertainty, and until derivatives metrics stabilize, further downside risk remains.
(Source：Cointelegraph)