Key Notes

BlackRock’s $80 million ETH sell-off accelerated Ethereum’s 14% price drop amid market-wide liquidations.

ETF data shows investors rotated from ETH to BTC, but on-chain staking deposits surged by $114 million.

Staking activity hints at long-term conviction, supporting Ethereum’s rapid rebound above $3.800.

Ethereum price fell 14% to $3,800 on Saturday, October 11, doubling Bitcoin’s 7% losses as ETF trading data revealed that BlackRock led Ethereum sell-offs with $80.2 million in net withdrawals on Friday while simultaneously adding more BTC. The sell pressure coincided with turbulent market reactions to President Trump’s new tariffs on China, accelerating crypto liquidations and pushing ETH down to $3,500, its lowest level since August 3.

Ethereum ETF Flows (US$m) as of O

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