ETH Dips 2.65% Amid Record Futures Interest, $265M Liquidations, and Surging Institutional Inflows

Ethereum is currently trading at $2,613.20, down 2.65% over the past 24 hours, with significant trading activity including a 24-hour volume of $19.3 billion globally and $5.4 billion on Binance, and a market capitalization of approximately $323.5 billion. The recent price decline follows a period of high volatility, with Ethereum futures open interest reaching record highs and over $265 million in crypto futures liquidations, including $139 million in short positions, as institutional inflows into crypto funds reached $3.3 billion. This activity is attributed to strong institutional demand, increased on-chain transactions, and positive sentiment from rising equity markets, although the failure to sustain momentum above key resistance levels has contributed to the current pullback.