Ethereum price drops as leverage-driven liquidations hit crypto market
Published on 11/15/2026 at 13:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSEthereum Selloff Meets Fund Outflows
- Ether fell sharply on November 15 during a broader crypto deleveraging episode.
- CoinMarketCap linked the move to forced liquidations and Ethereum-specific selling.
- Spot ether ETFs recorded USD 764.1 million in net outflows through November 13.
- Exchange-held ETH reserves also declined, although withdrawals do not prove accumulation.
Ethereum was caught in a broad crypto deleveraging wave on November 15, as leveraged positions were closed and Ether moved through previously watched support levels. The move came alongside continued withdrawals from US spot ether exchange-traded funds and lower ETH balances on centralized exchanges.
CoinMarketCap reported at 03:05 UTC on November 15 that Ethereum had declined by about 5 percentage points in the preceding hour. The report said ETH traded between about USD 1,736 and USD 1,813 during the highlighted period. It attributed the sharp move primarily to a wider market liquidation wave rather than to a single new Ethereum protocol or regulatory headline.
Liquidations Amplify Existing Selling
CoinMarketCap cited more than USD 250 million in Ethereum liquidations in a recent 24-hour window and described the broader move as a forced unwinding of long positions. For the hour ending at 01:37 UTC on November 15, the report identified about USD 12.90 million in Ether liquidations across Binance, Bybit and OKX. Such flows can accelerate price movements when positions are closed automatically, but they do not by themselves establish a lasting change in network fundamentals.
The Ethereum price also faced demand concerns from investment products. Crypto Data API, citing Farside Investors as its primary flow source, reported cumulative net outflows of USD 764.1 million from US spot ether ETFs over the 10 settled trading days from November 2 through November 13. Eight sessions recorded outflows and two recorded inflows. The largest daily withdrawal was USD 184.6 million on November 9, while November 13 ended with a USD 2.3 million inflow.
Exchange Balances Add Context
Crypto.news reported on November 15 that estimated Ethereum reserves on Binance had fallen to about 2.9 million ETH, the lowest level in nearly five years, according to CryptoQuant analyst Darkfost. The same report noted that negative netflows can reflect transfers to private wallets, staking or decentralized finance, and therefore do not show whether holders intend to sell.
For investors, the immediate picture combines forced deleveraging with persistent fund redemptions and a still-uncertain interpretation of exchange outflows. Those factors can produce substantial short-term volatility, while the longer-term assessment remains dependent on network use, liquidity and broader risk appetite. Ethereum's open development model and smart-contract infrastructure are described on the official Ethereum website.
More coverage is available on the Ethereum topic page.
