Ethereum Facing Headwinds as Institutions Exit, Liquidations Surge

Recent price drops in Ethereum (ETH) have intensified, prompting analysts to express concern about a potential market correction. A key factor driving this decline is the significant outflow of institutional investments through exchange-traded funds (ETFs), with over $261 million leaving ETH ETFs on November 20th alone. This trend adds to the already existing bearish pressure stemming from the recent surge in liquidations, surpassing $413 million within a single day. This drastic selloff resulted in long positions being liquidated, significantly impacting the price and hindering any potential recovery attempts.