ETH Token Slides 11% Amid $266M Liquidations, Record Staking Surges Despite Geopolitical Tensions

ETHUSDT experienced a sharp 11.15% price decline over the past 24 hours, falling from a 24h open of $2,393.77 to $2,126.90 on Binance. This drop is primarily attributed to heightened market volatility driven by significant liquidations ($108 million and $158 million on separate days), large-scale sell-offs by major holders, and increased global geopolitical tensions, particularly in the Middle East. These factors triggered risk-off sentiment, leading to capital outflows from DeFi and a shift toward stablecoins. Despite the price drop and a decrease in market capitalization to around $270 billion, trading volume remains elevated at approximately $30.5 billion, and ETH staking has reached a record high above 35 million ETH, indicating continued ecosystem engagement even amid strong downward pressure.