Top Idea
ETH fell ~16% in October as hacks, macro concerns, and an upgrade-delaying bug weighed on price. ETFs saw $1.5 billion of net outflows, ETH’s largest monthly outflow ever and the first after three consecutive monthly inflows. Of the ten ecosystem index constituents, only FLUID recorded a positive month (up 22%). REV more than doubled, though the jump came from late-month liquidation-driven trading rather than broad network use.
Key Details
ETH fell roughly 16% in October 2026, dropping from ~$2,680 to close near $2,250. The decline pushed ETH decisively below the psychologically important $2,500 level, with the token reaching a monthly high near $2,725 on Oct. 4. The sell-off came in steps: macro concerns around Oct. 8, a hotter-than-expected US CPI print, the postponed Glamsterdam upgrade, and the Binance hack disclosure.
ETH ETFs recorded $1.49 billion of net outflows in October, the largest monthly outflow since the funds launched and the first after three consecutive monthly inflows. AUM fell ~23% to $17.9 billion.
Blockworks Intel