ETH Token Sees $123M Short Liquidation and Record ETF Inflows Amid 17% Weekly Surge

Ethereum (ETHUSDT) experienced notable volatility in the past 24 hours, with the price declining by approximately 1.98% to $2,971.08 on Binance. This price movement is primarily attributed to the liquidation of over $123 million in short positions (33,743 ETH) within a three-hour window on July 14, 2025, which contributed to increased market volatility. Additionally, significant institutional activity, including record inflows into Ethereum ETFs (weekly netflows reaching $703 million and BlackRock’s ETHA attracting $300 million in a single day), and large acquisitions such as SharpLink Gaming’s $73 million ETH purchase, have driven heightened trading activity and price fluctuations. Despite the recent daily decline, Ethereum has shown strong positive momentum over the past week, with a 7-day price increase of over 17%. Current market metrics show a 24-hour trading volume between $33.59 billion and $42.72 billion, a market capitalization around $359.12 billion, and a circulating supply of approximately 120.71 million ETH.