Ethereum ETF Outflows Total $80.8M as Crypto Liquidations Hit $2.6B
Ethereum ETFs recorded $80.8 million in net outflows Thursday as broader crypto liquidations topped $2.6 billion. The token’s MVRV ratio at 0.96 remains above its historic cycle low threshold of 0.80, suggesting it has not yet reached a bottom.
1. Market Liquidations and Outflows
Rapid sell-offs pushed total crypto liquidations to $2.6 billion over 24 hours, with Bitcoin ETFs alone seeing $434.2 million in net outflows. Ethereum ETFs recorded $80.8 million of redemptions as traders reduced exposure amid intensified market volatility.
2. Ethereum MVRV Ratio Analysis
The MVRV metric for Ethereum stands at 0.96, above the 0.80 historical bottom indicator, implying the asset has yet to reach cycle lows. Analysts view a drop below 0.80 as a potential signal for a durable market trough and attractive risk-reward buying opportunity.