ETH drops 0.74% in 15 minutes: spot net outflows and fear sentiment converge to trigger selling pressure

2026-04-05 06:00 to 06:15 (UTC), the ETH price fluctuated within the 2031.63 to 2049.03 USDT range, with a return of -0.74% and a 15-minute amplitude of 0.85%. During this period, market attention increased, volatility intensified, and short-term funds became active.

The main driving force behind this move is large-scale net outflows of spot funds. Over the past 24 hours, cumulative net outflows reached $126 million. On-chain, the number of active addresses hit a day high of 1.2 million, with transaction volume exceeding 1.5 million, indicating that large holders or institutional entities accelerated asset transfers or selling during this time. Sell orders became concentrated, market depth declined, and ETH fell rapidly in the short term.

In addition, extreme fear sentiment (fear and greed index at 11) led investors to seek safety, strengthening sell pressure. Around the same time, trading volume surged temporarily; increased slippage further amplified market volatility. Although the ETF and derivatives markets did not show any extreme events within this range, spot outflows and on-chain activity resonated with fear sentiment, accelerating the downside move.

For the short term, focus on spot capital flows, large on-chain transfers, and changes in market depth. If funds continue to flow out or sell orders remain concentrated, ETH faces ongoing downside risk. Conversely, if sentiment eases or funds return, there is potential to halt the decline and repair. In the current volatile environment, watch the key support near 2030 USDT and monitor on-chain position changes and macro news developments. For more timely market updates, it’s recommended to keep monitoring subsequent capital and sentiment indicators.