Ethereum Treasury Purchases Plummet: Signaling Structural Weakness and Liquidity Concerns

Ethereum’s treasury buying activity has experienced a dramatic decline, dropping by 81% in November compared to August, signaling a shift towards structural weakness within the ecosystem. Data suggests increased liquidity stress, with ETH outflows exceeding inflows for the first time this year. This decline marks a deeper structural change than a temporary slowdown, raising concerns about long-term sustainability of Ethereum’s market growth. The impact extends beyond Ethereum itself, impacting broader asset classes and influencing the performance of companies involved in digital asset strategies.