Ether faces up to $676M in long liquidations as ETF outflows persist
According to TradingView, a drop below $2,286 could trigger up to $676M in ether long liquidations, while spot ETH funds post a fourth weekly outflow.
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what happened
TradingView reports that spot ETH/USD CFD positions could set off as much as $676M in long liquidations across major centralized exchanges should the price fall under $2,286. Spot ether products have logged net withdrawals for four weeks straight, totaling $224.96M. The biggest single redemption was $233.19M from BlackRock's iShares Ethereum Trust (ETHA). On October 22, net outflows from US spot ether ETFs reached roughly $111M, with about $76M of that coming from ETHA.
The report also covers an exploit on Initia, where a breach let duplicate ETH tokens be minted and exchanged for genuine ether from reserves. Investor Arthur Hayes sold all of his ETH holdings and related positions, pointing to macro and geopolitical uncertainty, and says he will stay on the sidelines. The Ethereum Foundation is weighing responsible disclosure and possible contract exposure.
why it matters
Two factors matter most for traders: continued fund withdrawals and the risk of forced selling if ether slips beneath $2,286. The Initia incident adds uncertainty about ETH liquidity and on-chain balances, which could weigh on sentiment.
market impact
ETH and spot ether ETFs: fund outflows and liquidation risk weigh on market sentiment
tags
instruments
sources
- Key facts: ETHUSD Faces $676M Long Liquidation Risk; $225M Outflows — TradingView, 24 October 2026 at 12:00 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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