ETHFI shed 9% as bearish pressure mounts with market sentiment at -6 and a slight drop in holder count ahead of a delayed payout, unlike the $3.06M distribution in Q1 2026. The protocol remains profitable with $2.39M in quarterly fees and roughly $201M in fresh TVL over five days, signaling durable demand. Spot and perpetual markets hold firm, with a positive Funding Rate indicating longs dominate despite the capital contraction.
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