Vitalik Buterin Sells Millions in ETH as Market Crash Deepens Further

TLDR

• Vitalik Buterin has sold around 6.6 million dollars worth of ETH over the past three days.
• Ethereum’s price has dropped by 8 percent in the last 24 hours and 30 percent since last Thursday.
• ETF investors have withdrawn more than 400 million dollars from Ethereum funds in just two days last week.
• The recent drop has triggered over 210 million dollars in long ETH position liquidations.
• BitMine has recorded over 6 billion dollars in unrealized losses due to the ongoing Ethereum decline.

The market slump deepened today as Ethereum extended its sharp decline, and fresh data highlighted growing pressure across the sector, and trading volumes reflected rapid shifts in sentiment. Conditions worsened through the past day, and price action accelerated downward with renewed intensity. Analysts tracked each move closely as liquidation totals kept rising.

ETF Outflows Grow as Market Weakens

ETF withdrawals increased early this week and accelerated as prices dropped across major assets. Data showed heavy selling pressure building quickly as large wallets moved capital away from Ethereum.

Traders watched ETF flows closely because losses widened across exchanges. Outflows exceeded $400 million last week and continued yesterday with another sharp withdrawal.

Flows briefly shifted Tuesday with a small inflow, but the trend reversed quickly. Sentiment stayed weak as numbers showed persistent selling across funds.

Vitalik Buterin Sales Add Pressure

Activity linked to Vitalik Buterin drew wide attention as wallets moved fresh ETH into exchanges. Transfers totaled about $6.6 million this week at prices near $2,228.

Observers monitored his transactions because they came during accelerated market declines. Wallet data showed steady movement over three days and reflected increased selling activity.

These sales aligned with aggressive liquidations across futures platforms. CoinGlass reported more than $210 million cleared from long ETH positions.

Major Holders Take Losses as Decline Deepens

Large holders faced rising losses as prices continued to fall. Market leader BitMine remained deep in the red by over $6 billion.

Pressure built across institutional accounts as red numbers expanded. Portfolio values eroded rapidly while traders tracked intraday swings.

Yet some public figures kept a steady outlook. Tom Lee reaffirmed support for Ethereum and defended the asset’s long-term structure.

Global tension pushed risk assets lower and created rough conditions for crypto markets. Traders reacted quickly as policy concerns shaped expectations for volatility.

Interest rate uncertainty added new pressure on leveraged positions. Funding rates shifted during the decline and reduced market stability.

Liquidity tightened as sellers dominated activity. Order books moved sharply as bids thinned across major exchanges.

Long positions faced strong pressure across the past day. Liquidation totals grew each hour as volatility expanded.

ETH declines triggered losses across related assets. Alts followed the downward trend with sharp daily drops.

Derivatives markets showed heavy imbalance. Traders closed positions rapidly to limit further damage.

Retail and Institutional Holders React

Retail accounts pulled back as confidence dropped. Many reduced exposure during the steep fall.

Institutional holders tracked real-time metrics to assess risk. Adjustments across portfolios increased selling momentum.

Sentiment surveys showed weaker expectations. Market depth reflected hesitation from both buyers and sellers.

The market continued moving quickly through the afternoon. Charts displayed strong downward momentum.

Ethereum traded near weekly lows. Trading activity stayed high as liquidations persisted.

Wallet flows remained active. Large transactions appeared consistently across network trackers, marking the latest development in the unfolding downturn.

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