Overview

• ETH jumped roughly 12–15% to around $4,880, with multiple trackers showing a new record above the 2021 peak.
• About $340 million in Ethereum derivatives were liquidated in 24 hours, including roughly $259 million in shorts.
• Traders added approximately $3.18 billion in new ETH positions, pushing open interest up about 10% within a day.
• Institutional signals diverged as U.S. spot ETH ETFs saw heavy outflows even as Arkham data showed BlackRock bought about $233 million of ETH.
• Flows and on-chain data favored Ethereum with weekly net inflows near $516 million, while Bitcoin hovered near $116,000 and underperformed.