Key Notes

Spot Ethereum ETFs saw $248M in daily outflows, totaling $795M this week.

Whales accumulated over 431,000 ETH worth $1,73B in just two days.

Analysts note that steep corrections often clear excess leverage, resulting in gains.

Spot Ethereum ETFs have recorded another day of heavy withdrawals, extending a week-long trend that reflects heightened volatility. These funds saw cumulative net outflows of $248 million on Friday, bringing total outflows for the week to $795 million.

These five consecutive days of losses coincided with a sharp decline in ETH price .

At the time of writing, ETH is trading above the $4,000 zone. However, the cryptocurrency experienced a steep sell-off earlier in the week, plunging from near the $4,500 level on September 21 to as low as $3,850 on

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