Ether falls 8.5% and lags behind bitcoin
Ether fell 8.5% to $2,220, trailing bitcoin, while US ether ETFs saw $99.9 million of net withdrawals on Nov. 5, according to The Defiant.
The facts
- Ether fell 8.5% to $2,220, according to The Defiant, and lagged bitcoin.
- US ether ETFs recorded $99.9 million in net withdrawals on Nov. 5, per The Defiant.
- That reversed the previous day's $53 million inflow into the same funds.
- The source gives no timeframe for the 8.5% drop and no cause, so treat the reasons as unconfirmed.
Case notes · Danny's take
Why it matters
One day of ETF outflows is a data point, not a trend. But the swing from a $53 million inflow to $99.9 million out shows how quickly the buyers can change their minds. Price tells you what happened. Fund flows start to tell you who was buying and who was leaving. Ether trailing bitcoin is the part to keep an eye on.
For traders
Don't trade the headline. Watch the daily ETF flow figures for the next few sessions to see if the outflow repeats or flips back. Check whether large wallets are moving ether to exchanges, and size down if you are using leverage on a falling candle.
Not financial advice. Do your own investigation.
This story was summarised with AI from The Defiant's reporting and checked against our editorial policy. Danny's take reflects his views. Disclaimer.
Danny Walter
Founder of Moon Republic, Volt Terminal and Moon Republic Academy. Author of The Market Is a Crime Scene and After the Applause.