Gate News Bot Message, January 26th, according to CoinMarketCap data, as of press time, ETH (Ethereum) is trading at $2,836.26, down 3.99% in the past 24 hours, with a high of $3,197.39 and a low of $2,811.07. The 24-hour trading volume reached $23.764 billion. The current market capitalization is approximately $342.321 billion, a decrease of $14.22 million compared to yesterday.
1️⃣ Spot ETF Continues to Face Net Outflows The US Ethereum spot ETF is experiencing significant fund outflows this week. The net outflow exceeds $600 million, with BlackRock’s ETH A leading at $432 million in weekly net outflows, and Fidelity’s FETH outflowing $78 million. This reflects a cautious attitude among institutional investors towards ETH, with funds continuously withdrawing from traditional financial channels, exerting ongoing pressure on prices. As of press time, the total net asset value of Ethereum spot ETFs is $17.7 billion.
2️⃣ Contract Market Long Positions Concentrated in Liquidation In the past 24 hours, the total contract liquidation across the network reached $252 million, with Ethereum-related liquidations amounting to $66.1147 million, and long positions liquidated significantly more than short positions. This indicates that during the ongoing price decline, long traders suffered greater losses, testing market risk tolerance. Major holders like Machi also faced additional liquidations due to market downturn, further intensifying downward pressure.
3️⃣ Abnormal Large-Scale On-Chain Fund Flows Recently, large amounts of ETH have been transferred out from institutional addresses and wallets. K3 Capital transferred out 2,400 and 2,409 ETH in succession, Wintermute also transferred out 2,634 ETH, while large amounts of ETH flowed into staking protocols like Lido. These abnormal fund movements may reflect institutional position adjustments, possibly related to cautious market outlooks.
4️⃣ Long-Term Outlook Supported by Asset Tokenization Ethereum has shown outstanding performance in the stablecoin sector in 2025, with the total stablecoin supply increasing by approximately $50 billion throughout the year, surpassing $180 billion by Q4. Stablecoin issuers earned about $5 billion in revenue through Ethereum. Meanwhile, market expectations for RWA (Real-World Asset) tokenization are heating up, with institutions like BlackRock actively exploring tokenization of US stocks and cross-chain asset applications, which could strengthen Ethereum’s role as the settlement layer for global capital markets. This provides medium-term fundamental support for ETH.
This message is not investment advice; please be aware of market volatility risks.
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