Matrixport said that Ethereum’s falling ETH volume will increase pressure on long positions and may force traders to close their long positions.
While Bitcoin raced from record to record in 2025, Ethereum (ETH) lagged behind. However, it broke its 2021 ATH a few weeks ago, breaking $4,900 to reach a new record.
However, the correction in the general cryptocurrency market also affected Etheruem, and it fell to $4,200 levels.
The drop in Ethereum’s price has been accompanied by a sharp drop in ETH trading volume. While we’re wondering what impact this will have on the market and price, cryptocurrency services provider Matrixport has released an updated analysis.
Matrixport said that Ethereum’s falling ETH volume will increase pressure on long positions and may force traders to close their long positions.
Matrixport analysts noted that while ETH spot trading volume fell from $122 billion to $41 billion this week, open interest in futures barely decreased.
Matrixport noted that this situation will force some investors to close their leveraged long positions and the price could be negatively affected.
Matrixport, which is anticipating a bearish price for ETH, also deposited $43.7 million worth of ETH into Binance.
According to data, an address associated with Matrixport deposited 10,000 ETH worth $43.77 million to Binance today.
Matrixport currently holds $461 million in assets, with BTC accounting for 81.6% of that total. The company also holds an additional 4,272 ETH worth $18.33 million.
Matrixport-connected wallets previously deposited a total of 95,873 ETH (approximately $452 million) to Binance and OKX exchanges, while the same wallets withdrew 2,354.6 BTC ($272 million) from Binance and OKX.
