ETHUSD sees $542.1M outflows as 4,393 ETH move to Kraken
TradingView reported $542.1M in weekly ETHUSD outflows, a 4,393-ETH transfer to Kraken and a 660x leveraged position liquidation.
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what happened
TradingView reported that ETHUSD spot CFD outflows reached $56.1M on Oct. 9, while total withdrawals for the week ending Oct. 9, 2026, amounted to $542.1M. Ethereum spot products recorded withdrawals for nine consecutive days.
On Oct. 12, Ethereum Foundation wallets transferred 4,393 ETH, worth about $11.13M, to Kraken. In total, approximately 49,751 ETH of the original 59,751 ETH has historically been sent to the exchange; roughly 10,000 ETH remains untracked.
On Oct. 10, heavy ETHUSD spot CFD flows on Papertrade (Hyperliquid) produced a 0.12% move in less than a minute. One trader used leverage of up to 1,000x, opened a 660x short position and was liquidated.
ETH transfers to Kraken occurred periodically, but on-chain data provides no evidence of trades or sales. The Foundation’s treasury policy, published in June 2025, noted a possible 5% annualized drawdown and outlined sale routes.
why it matters
Outflows from spot products and ETH transfers to an exchange may affect perceptions of liquidity and market sentiment. The liquidation also highlights the risks of extreme leverage.
instruments
sources
- Key facts: ETHUSD $542M Outflows; 4.4k ETH to Kraken; 660x Liquidated — TradingView, 12 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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