ETH Drops 7.14% Amid $468M Liquidations as Geopolitical Tensions and Yield Decline Hit Market

Ethereum (ETH) experienced a significant price decline of 7.14% over the past 24 hours, with the current price at $2,255.75 (Binance), down from a 24-hour open of $2,429.16. This drop is primarily attributed to heightened geopolitical tensions in the Middle East, which triggered over $468 million in crypto liquidations, mainly from long positions. Additional contributing factors include a decrease in Ethereum’s annualized staking yield below 3%, leading to some capital outflows, and recent large-scale ETH movements by institutional investors and whales, such as substantial purchases and withdrawals from exchanges, indicating ongoing accumulation despite short-term volatility. Trading volume remains elevated, reflecting active market participation, while Ethereum continues to be a leading digital asset by market capitalization and circulating supply.