Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
2026-06-05
15:18

ETH 15-minute drop of 1.04%: 17 consecutive days of ETF outflows coupled with leveraged long liquidations triggering a synchronized crash

From 15:00 to 15:15 UTC on June 5, 2026, ETH/USDT fell by 1.04%, with a price range of 1579.01-1602.85 USDT and a amplitude of 1.49%. During this period, market volatility intensified: prices dropped quickly, extending the recent weak trend. The main driver behind this spike is sustained institutional capital outflows. US spot ETH ETFs have recorded net outflows for 17 consecutive trading days, with total outflows exceeding $700 million. In just one week, outflows reached $306 million, the large
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ETH3.09%