Matrixport released a daily chart analysis saying that Ethereum Reserve has fallen into silence, with its net asset value (NAV) hovering around 1, a clear indication that investors are unwilling to pay a premium for these stocks. Even Bitcoin Reserve's NAV fell sharply.
While this week's U.S. inflation data and next week's FOMC (FOMC) meeting may provide a bullish spark for the crypto market, Ethereum's trading volume has plummeted from $122 billion to just $41 billion, while futures unpositioned squaring contracts have barely dwindled. This divergence explains why ETH prices are still firming, but as trading volumes dry up, some traders may soon abandon their leveraged long positions, especially as high funding rates make it increasingly expensive to hold them.
Matrixport: Ethereum trading volume declines, leveraged bulls at risk
2025-09-10 07:02:53
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