Ether Drops to $2,625 as $460M in Bullish Positions Liquidated

[mendez]

Ether suffered a steep 15% decline between Wednesday and Friday, falling to $2,625, its lowest level since July.
The drop liquidated $460M in leveraged long positions and deepened ETH’s downtrend to 47% below its August all-time high.
Despite weak spot demand, derivatives show early signs of stabilization, with ETH perpetual funding rising from 4% to 6%.

[JanEmil]

Think oversold now

[Rimon Khan]

Market flushed hard — classic shakeout before real direction shows. ️