Ethereum Price Faces 525K ETH Supply Risk as ETF Outflows Mount
TLDR: The Ethereum price traded near $2,250 on October 31 as ETF outflows and a large attacker-linked ETH holding drew investor attention. Glassnode reported 23 straight ETF outflow sessions, with Farside data showing a $4.4 million inflow on October 23 and a five-day streak. Wallets linked to the Binance hack held an estimated 525,200 ETH at 16:51 UTC, according to a later report on October 31. Binance says it has replaced 90% of the stolen assets, while its customer compensation does not erase the ETH still held in attacker-linked wallets.
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