@qoop1113

Is this drop making people panic and want to exit? Let’s break down the past 7 days of ETH on-chain and derivatives data so you can see what’s really happening behind the fear. ETH – Key Takeaways (Past 7 Days) 1. Price: Pulled back from the $4,956 high to a $3,811 low (−23.1%). Currently trading around $3,940, with today’s range between $3,831–$4,021. 2. Exchange Reserves: Total exchange balances sit at ~16.50M ETH, up only +0.09% over 24h. Over 7 days, reserves barely moved—no sign of a “massive send-to-exchange” event. 3. Whale Activity: In the past 72h, several large deposits of 16k–36k ETH hit exchanges (e.g., Binance), hinting at short-term selling/hedging. At the same time, large outflows to DeFi and market makers were also seen—showing a mixed picture. 4. Derivatives: Open Interest (OI) is about $54.0B. Roughly $432M was liquidated in the past 24h—classic post-dump leverage wipeout. Funding rates hovered near neutral, swinging slightly positive/negative.

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