ETH Price Drops 3.56% Amid $460M Liquidations, BlackRock’s $500M Buy, and Validator Exodus

Ethereum (ETHUSDT) has experienced a 3.56% price decrease over the past 24 hours, currently trading at $4,397.04 on Binance. The recent price dip is attributed to significant market volatility, including $460 million in liquidations—primarily from long positions—alongside large-scale withdrawals such as a new wallet staking 60,000 ETH and BlackRock’s $500 million ETH acquisition. Additionally, the Ethereum validator exit queue has grown to over 718,000 ETH, which may impact network liquidity and contribute to cautious sentiment. Despite these factors, trading volume remains robust, with Ethereum maintaining its position as the second-largest cryptocurrency by market capitalization and showing continued interest from both retail and institutional investors.