Ether has lost 10% in three days as Binance reserves fell to 3.47 million ETH and U.S.-listed spot Ether ETFs posted eight straight days of outflows.
The latest market pullback has not stopped investors from moving ETH off Binance.
Ethereum dropped below $2,500 on Friday, declining nearly 3% as institutional withdrawals, rising exchange balances, and broader economic pressures weighed on demand. The third consecutive daily decline came alongside elevated oil prices and US Treasury yields. ETH also slipped beneath its 50-day exponential moving average, weakening its near-term technical structure. Treasury yields and Fed outlook weigh on Ethereum ETH briefly dropped to the $2,424 level on Thursday before slightly recovering to now trade around $2,490. US government bond yields climbed sharply before easing on Thursday. The 10-year Treasury yield reached a 24-year high of 5.35%, while the 30-year yield rose above 5.70%.
The position covers 12,000 ETH and carries 20 times leverage. It was showing about $626,000 in unrealized profit after the market decline.
Ether traded at $2,500.27 after moving above the key price level on Oct. 9.
Twelve monthly instalments of 100 euros in Ether worked out at an average price of 1,981 euros, while a lump sum on the starting day cost 3,318 euros. The twelve-month calculation, the two quirks that set it apart from a Bitcoin savings plan, and the tax consequences of twelve separate purchases a year.
The trader has earned about $34 million on Hyperliquid with an 89% win rate and used Bitcoin prediction-market positions to express an expected price range.
The proposal would use recursive proofs tied to beacon-chain state, allowing nodes to sync from a weak-subjectivity checkpoint without replaying the full execution history.
Ether liquidations reached as much as $333 million as leveraged traders absorbed a sharp market selloff on Oct. 8.
More than $1 billion in bullish positions were liquidated, while Ether liquidations reached $356 million compared with $298 million for Bitcoin.
The liquidation event highlights the risks of high leverage in crypto trading, emphasizing the need for cautious positioning and market awareness. Ether longs take the brunt of crypto's $1 billion liquidation flush.
The trader reopened a 9,580-ETH long after adding $10 million in USDC margin. Its reported long exposure totaled about $288 million.