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24 Feb 2026, 04:15

Ethereum ETF Outflow: Startling $49.7 Million Exodus Shakes Investor Confidence

BitcoinWorld Ethereum ETF Outflow: Startling $49.7 Million Exodus Shakes Investor Confidence In a notable shift for the digital asset investment landscape, U.S.-listed spot Ethereum exchange-traded funds (ETFs) recorded a substantial collective net outflow of $49.72 million on February 23, 2025. This data, initially reported by the analytics platform Trader T, signals a potential recalibration of investor sentiment toward the second-largest cryptocurrency by market capitalization. Consequently, market analysts are scrutinizing the underlying causes and broader implications for the regulated crypto investment sector. Ethereum ETF Outflow: A Detailed Breakdown The February 23rd outflow presents a clear snapshot of shifting capital. Notably, the movement was not uniform across all fund providers. BlackRock’s iShares Ethereum Trust (ETHA) bore the brunt of the withdrawal, experiencing a single-day outflow of $45.62 million. Meanwhile, Fidelity’s Ethereum Fund (FETH) and VanEck’s Ethereum Trust (ETHV) saw more modest outflows of $1.39 million and $2.71 million, respectively. This distribution highlights varying investor confidence levels among the major institutional products. To provide immediate context, the following table summarizes the key data points from the report: ETF Provider Fund Ticker Net Flow (Feb 23, 2025) BlackRock ETHA -$45.62 Million Fidelity FETH -$1.39 Million VanEck ETHV -$2.71 Million Aggregate Total N/A -$49.72 Million Such outflows often prompt analysis against concurrent market movements. For instance, traders frequently compare ETF flow data with Ethereum’s spot price action, network activity metrics, and broader macroeconomic indicators. This comparative analysis helps determine if the capital movement is isolated to the ETF wrapper or reflects a wider trend in digital asset valuation. Contextualizing the Cryptocurrency Investment Trend Spot cryptocurrency ETFs represent a pivotal innovation for mainstream finance. These funds, which hold the underlying asset directly, provide traditional investors with regulated exposure to digital currencies like Ethereum without the complexities of direct custody. The U.S. approval of several spot Ethereum ETFs in late 2024 marked a significant milestone, following the earlier precedent set by Bitcoin ETFs. Therefore, their flow data serves as a critical barometer for institutional and retail appetite. Several factors can influence daily ETF flows. Market volatility, changes in risk sentiment, profit-taking after a price rally, or sector rotation into other asset classes are common drivers. Additionally, specific events like updates to Ethereum’s network protocol, regulatory announcements, or shifts in monetary policy can trigger capital movements. Analysts must disentangle these influences to understand the true narrative behind the numbers. Expert Perspective on Institutional Flows Financial analysts emphasize that single-day outflows, while noteworthy, require perspective within a longer-term trend. A common framework involves examining the 5-day, 30-day, and year-to-date net flow figures. For example, a $49.7 million outflow may be negligible if the funds have seen billions in net inflows over the preceding quarter. Conversely, it could signal the beginning of a trend reversal if it follows a period of stagnation or precedes key economic data releases. Furthermore, the concentration of the outflow in BlackRock’s fund warrants attention. As the world’s largest asset manager, BlackRock’s products often attract the most capital and scrutiny. A large withdrawal from ETHA could reflect the actions of a few large institutional holders rebalancing portfolios rather than a broad-based retail sell-off. This distinction is crucial for accurate market interpretation. Potential Impacts and Market Implications The immediate effect of an ETF outflow is mechanical: the fund’s authorized participants redeem shares, and the fund manager sells the underlying Ethereum holdings to return cash. This selling pressure can, in theory, exert downward influence on Ethereum’s spot price, especially if the volume is significant relative to daily trading liquidity. However, the modern crypto market is vast and multifaceted, with derivatives, decentralized finance (DeFi), and global exchanges all playing roles in price discovery. Beyond price, sustained outflows can impact the competitive landscape among ETF issuers. Flows are a key performance indicator for these products. Consistently positive flows can lead to lower fee structures due to economies of scale, making a fund more attractive. Conversely, outflows may prompt issuers to enhance marketing efforts or educate investors on the fund’s long-term value proposition within a diversified portfolio. Liquidity and Market Depth: Large redemptions test the underlying market’s liquidity. Investor Sentiment Gauges: ETF flows are a transparent proxy for regulated investor sentiment. Regulatory Scrutiny: Persistent outflows may attract questions from regulators about product stability. Correlation with Traditional Markets: Analysts watch for increasing correlation between crypto ETF flows and movements in equities or bonds. Ultimately, the long-term success of these instruments depends on their ability to provide secure, efficient exposure. A single day of outflows is a data point, not a verdict. The broader adoption narrative hinges on technological progress, regulatory clarity, and Ethereum’s utility evolution, particularly in areas like decentralized applications and tokenization. Conclusion The reported $49.7 million net outflow from U.S. spot Ethereum ETFs on February 23, 2025, provides a tangible measure of short-term capital movement. While dominated by BlackRock’s ETHA, this activity underscores the dynamic and data-sensitive nature of the cryptocurrency investment market. For observers, the key takeaway is the importance of contextual analysis—weighing daily flows against longer trends, market structure, and fundamental developments. As the digital asset ecosystem matures, the flow data from regulated vehicles like spot Ethereum ETFs will remain an essential, transparent metric for gauging the integration of cryptocurrencies into the global financial mainstream. FAQs Q1: What does a “net outflow” mean for an Ethereum ETF? A net outflow occurs when the value of shares redeemed by investors exceeds the value of new shares purchased on a given day. This requires the fund to sell some of its underlying Ethereum holdings to raise cash for redemptions. Q2: Is a single day of outflow a sign that Ethereum ETFs are failing? Not necessarily. ETF flows are inherently volatile day-to-day. Success is measured over weeks, months, and years by consistent asset growth and investor adoption, not by isolated daily movements. Q3: Why was BlackRock’s ETHA outflow so much larger than others? BlackRock is the largest asset manager globally, so its funds typically hold the most assets. A single large institutional trade can significantly impact its daily flow figure, which may not reflect the activity of the broader investor base. Q4: How does this Ethereum ETF outflow compare to Bitcoin ETF flows? Bitcoin ETFs, being older and larger, have established longer flow histories. Analysts often compare the relative flow trends between Bitcoin and Ethereum products to assess shifting investor preference between the two major digital assets. Q5: Where can investors find reliable data on ETF flows? Data is aggregated and published by various financial analytics firms like Bloomberg, ETF.com, and specialized crypto data platforms such as the one referenced in this report. Fund issuers also periodically report assets under management (AUM). This post Ethereum ETF Outflow: Startling $49.7 Million Exodus Shakes Investor Confidence first appeared on BitcoinWorld .

24 Feb 2026, 04:10

LDO Technical Analysis February 24, 2026: Will It Rise or Fall?

LDO at $0.30 is at critical levels; while RSI oversold and bullish MACD signal a rise, the downtrend maintains the downside risk. A breakout at $0.3133 could trigger a rally, while a breakout at $0...

24 Feb 2026, 04:10

Bitcoin ETF Outflow: $205.8M Shockwave Hits US Spot Market as BlackRock Leads Exodus

BitcoinWorld Bitcoin ETF Outflow: $205.8M Shockwave Hits US Spot Market as BlackRock Leads Exodus In a significant reversal for the digital asset sector, U.S. spot Bitcoin exchange-traded funds (ETFs) experienced a collective net outflow of $205.82 million on February 23, 2025, according to data compiled by analyst Trader T. This sudden shift back to outflows, occurring after just one day of net inflows, underscores the ongoing volatility and nuanced investor sentiment surrounding these landmark financial products. The movement was predominantly led by industry giant BlackRock, whose iShares Bitcoin Trust (IBIT) saw substantial redemptions, while VanEck’s HODL stood as the sole fund to attract new capital that day. Analyzing the Bitcoin ETF Outflow Data The daily flow data provides a clear snapshot of shifting capital. Consequently, market participants closely monitor these figures for signals about institutional and retail investor behavior. The breakdown for February 23 reveals a broad-based retreat from several major funds. BlackRock IBIT: -$117.44 million Fidelity FBTC: -$27.93 million Bitwise BITB: -$43.58 million Ark Invest ARKB: -$9.16 million VanEck HODL: +$6.35 million Grayscale GBTC: -$13.06 million This pattern indicates that the outflow was not isolated to a single issuer. Instead, it represented a wider market sentiment. Notably, Grayscale’s GBTC continued its trend of outflows, a pattern observed since its conversion from a closed-end trust to an ETF in January 2024. However, the new outflows from the recently launched spot ETFs like IBIT and FBTC captured more analyst attention. Context and Historical Performance of Spot Bitcoin ETFs The launch of U.S. spot Bitcoin ETFs in January 2024 marked a watershed moment for cryptocurrency adoption. For the first time, investors gained direct, regulated exposure to Bitcoin’s spot price through traditional brokerage accounts. Initially, these products saw massive inflows, collectively gathering billions in assets under management within weeks. Therefore, a single day of net outflows does not negate their overall success. However, it does highlight the products’ sensitivity to broader market conditions. Historically, ETF flow data serves as a reliable gauge of investor sentiment. Net inflows typically suggest bullish confidence and buying pressure on the underlying asset. Conversely, net outflows can indicate profit-taking, risk aversion, or sector rotation. The February 23 data followed a day of net inflows, illustrating the rapid sentiment shifts possible in crypto markets. This volatility mirrors Bitcoin’s own price action, which often reacts to macroeconomic factors like interest rate expectations and dollar strength. Expert Perspective on Institutional Behavior Financial analysts often interpret such flow data within a larger framework. A single day’s outflow, while notable, may represent routine portfolio rebalancing by large institutions rather than a fundamental loss of faith. For instance, some asset managers might temporarily reduce crypto exposure to meet quarter-end requirements or reallocate funds to other asset classes. Furthermore, the consistent outflow from GBTC is frequently attributed to its higher fee structure compared to newer, lower-cost competitors like IBIT and FBTC. The lone inflow to VanEck’s HODL, though modest, suggests some investors continue to see value in specific fund strategies or fee models. Market experts emphasize that sustained multi-week outflow trends carry more analytical weight than isolated daily movements. The long-term trajectory for these ETFs remains tied to Bitcoin’s adoption curve, regulatory developments, and their performance relative to other investment vehicles. Market Impact and Future Implications The immediate market impact of ETF outflows involves direct selling pressure. When investors redeem shares, the ETF issuer must sell the equivalent amount of Bitcoin held in the fund’s custody. This selling activity can temporarily depress Bitcoin’s price on exchanges. The $205.8 million outflow represents a tangible sell order in the market, albeit within the context of Bitcoin’s multi-hundred-billion-dollar global daily trading volume. Looking ahead, the flow data will influence several key areas. First, it will affect how financial advisors perceive the stability and maturity of Bitcoin as an asset class. Second, it may influence the Securities and Exchange Commission’s ongoing evaluation of future crypto-related ETF applications, including for other cryptocurrencies. Finally, it provides real-world data on investor behavior during different market phases, which is invaluable for product structuring and risk management. Conclusion The $205.82 million net outflow from U.S. spot Bitcoin ETFs on February 23, 2025, serves as a potent reminder of the dynamic and sometimes unpredictable nature of cryptocurrency markets. Led by BlackRock’s IBIT, this movement highlights how even the most successful new financial products experience natural ebb and flow. While a single day of outflows does not define a trend, it provides crucial data for understanding institutional sentiment and market mechanics. The long-term success of these Bitcoin ETF vehicles will ultimately depend on Bitcoin’s fundamental value proposition, regulatory clarity, and their ability to provide efficient, secure exposure for a growing base of global investors. FAQs Q1: What does a net outflow mean for a Bitcoin ETF? A net outflow occurs when the dollar value of shares redeemed by investors exceeds the value of new shares purchased. This forces the ETF issuer to sell some of the Bitcoin held in the fund to return cash to those exiting investors. Q2: Why is Grayscale’s GBTC consistently seeing outflows? GBTC converted from a closed-end fund with a persistent discount to an ETF. Many investors who bought at a discount took profits after conversion. Additionally, its management fee is higher than newer competitors, prompting some cost-conscious investors to switch funds. Q3: Does an ETF outflow always cause Bitcoin’s price to drop? Not necessarily. While outflows create selling pressure, Bitcoin’s price is determined by global trading volume across countless exchanges. A $200 million outflow is significant but must be weighed against daily spot volumes that often exceed $20 billion. Q4: How should long-term investors interpret daily flow data? Long-term investors should focus on multi-week or monthly trends rather than daily fluctuations. Daily flows are volatile and can reflect short-term trading, rebalancing, or specific institutional actions rather than a fundamental shift in the asset’s value. Q5: What was unique about the February 23, 2025, outflow data? The uniqueness lay in the breadth of the outflow, affecting nearly all the new spot ETFs launched in 2024, not just GBTC. It also represented a sharp reversal from the net inflows recorded just one trading day prior, demonstrating rapid sentiment shifts. This post Bitcoin ETF Outflow: $205.8M Shockwave Hits US Spot Market as BlackRock Leads Exodus first appeared on BitcoinWorld .

24 Feb 2026, 04:05

New Zealand Dollar Soars: Resilient NZD/USD Breaks 0.5950 Barrier Amidst Global Trade Turmoil

BitcoinWorld New Zealand Dollar Soars: Resilient NZD/USD Breaks 0.5950 Barrier Amidst Global Trade Turmoil WELLINGTON, New Zealand – April 2025: The New Zealand Dollar demonstrates remarkable resilience, pushing decisively above the 0.5950 threshold against the US Dollar. This significant movement occurs against a complex backdrop of escalating global trade tensions and shifting monetary policy expectations. Consequently, currency traders worldwide are scrutinizing the Kiwi’s performance for clues about broader market sentiment and economic stability. New Zealand Dollar Defies Gravity in Volatile Forex Landscape Foreign exchange markets witnessed a notable shift this week as the NZD/USD pair secured gains above the psychologically important 0.5950 level. This advance represents a continuation of the currency’s recovery from its recent lows. Market analysts attribute this strength primarily to renewed uncertainty surrounding US trade policy and its implications for global growth. Meanwhile, the Reserve Bank of New Zealand’s comparatively hawkish stance provides fundamental support. The currency’s performance offers a compelling case study in how smaller, commodity-linked economies navigate turbulent international waters. Several interconnected factors are currently influencing the exchange rate. First, diverging central bank policies between the RBNZ and the Federal Reserve create a favorable interest rate differential. Second, New Zealand’s robust agricultural export sector benefits from specific supply chain realignments. Third, risk sentiment has shown subtle improvement in the Asia-Pacific region. Finally, technical buying momentum appears to have triggered after the pair broke through key resistance levels. Each element contributes to the current pricing dynamic. Decoding the Drivers of NZD/USD Movement The primary catalyst for the Kiwi’s appreciation stems from developments in Washington. Recent statements from US trade officials have injected fresh uncertainty into markets. Specifically, proposed tariffs on certain industrial goods have raised concerns about retaliatory measures and disrupted supply chains. As a result, the US Dollar has faced broad-based selling pressure. Conversely, currencies perceived as stable alternatives, including the New Zealand Dollar, have attracted capital flows. This flight-to-quality dynamic, though nuanced, is a well-documented phenomenon in forex markets. Expert Analysis: A Currency Built on Fundamentals Financial institutions are closely monitoring the situation. For instance, economists at the Bank of New Zealand highlight the nation’s strong terms of trade. Dairy auction prices have remained firm, providing a steady stream of export revenue. Furthermore, migration data indicates sustained population growth, which supports domestic consumption. These underlying economic strengths buffer the currency against pure speculative flows. Historical data from the RBNZ shows that during periods of global trade friction, the NZD has often exhibited a correlation with commodity price indices rather than pure risk sentiment. The following table illustrates key economic indicators supporting the NZD: Indicator Latest Figure Trend Impact on NZD Global Dairy Trade Price Index +1.2% (Last Auction) Stable to Up Positive RBNZ Official Cash Rate (OCR) 5.75% On Hold Supportive Net Migration (Annual) +110,000 High Positive Goods Terms of Trade Near Record Highs Strong Strongly Positive Technical Perspective and Market Structure From a charting standpoint, the break above 0.5950 carries technical significance. This level previously acted as resistance on multiple occasions throughout early 2025. A sustained move above it suggests a potential shift in market structure. Trading volume analysis confirms genuine buying interest rather than a short-covering rally. Key levels to watch now include: Immediate Support: 0.5920-0.5930 zone Next Resistance: The 0.6000 psychological handle 200-Day Moving Average: Currently near 0.5880, providing a longer-term floor Market participants are also evaluating positioning data. Commitments of Traders reports indicate that speculative net-short positions on the NZD have been reduced significantly. This reduction in bearish bets removes a potential headwind and can fuel further gains if the trend continues. However, analysts caution that the currency remains sensitive to shifts in global risk appetite, particularly from Chinese economic data. Global Context and Comparative Performance The New Zealand Dollar’s rise is not occurring in isolation. A comparative analysis reveals its performance relative to other major and commodity currencies. For example, the Australian Dollar (AUD) has also gained ground, though less decisively, reflecting shared regional dynamics. Meanwhile, the US Dollar Index (DXY) has retreated from its recent highs. This broader USD weakness provides a tailwind for all major currency pairs. The Kiwi’s outperformance against its Canadian counterpart (NZD/CAD) further underscores the role of specific commodity exposures and central bank policy divergence. The Road Ahead: Inflation and Policy Responses Looking forward, the trajectory of the NZD/USD will hinge on several forthcoming data points. Domestically, the next Quarterly Survey of Business Opinion (QSBO) will gauge corporate sentiment. Internationally, the resolution—or escalation—of trade disputes will be paramount. The Reserve Bank of New Zealand’s next Monetary Policy Statement will be scrutinized for any change in its inflation outlook. Currently, the market expects the OCR to remain on hold until late 2025, a stance that contrasts with anticipated easing cycles elsewhere. This policy differential is a cornerstone of the currency’s relative strength narrative. Conclusion The New Zealand Dollar’s ascent above 0.5950 against the US Dollar marks a significant moment in the 2025 forex landscape. This movement is underpinned by a confluence of factors: global trade uncertainty, resilient domestic fundamentals, and a supportive interest rate environment. While volatility may persist, the Kiwi’s break through key technical resistance suggests a strengthened near-term bias. Market participants will continue to monitor trade developments and central bank communications closely, as these elements will ultimately dictate the sustainability of the New Zealand Dollar’s current gains. The currency’s performance remains a critical barometer for both the Pacific economy and global risk sentiment. FAQs Q1: Why is the New Zealand Dollar rising against the US Dollar? The NZD is rising due to US trade policy uncertainty weakening the USD, strong New Zealand economic fundamentals (high dairy prices, migration), and a relatively high-interest rate set by the RBNZ compared to other major central banks. Q2: What does the 0.5950 level represent for NZD/USD? The 0.5950 level is a key technical and psychological resistance point. Breaking above it signals a potential shift in market momentum and can trigger further algorithmic and institutional buying. Q3: How does global trade uncertainty specifically affect the NZD? Trade uncertainty often leads to USD weakness as investors reconsider growth expectations. It can also disrupt supply chains, potentially benefiting alternative agricultural exporters like New Zealand. The NZD is sometimes seen as a stable currency during such periods. Q4: What are the main risks to the New Zealand Dollar’s current strength? Key risks include a sudden de-escalation in trade tensions (boosting the USD), a sharp downturn in Chinese economic demand (affecting exports), or a more dovish shift in communication from the Reserve Bank of New Zealand. Q5: How can traders or businesses hedge against NZD/USD volatility? Common hedging strategies involve using forward contracts offered by banks to lock in an exchange rate for future dates, utilizing currency options to insure against adverse moves, or maintaining natural hedges by matching foreign currency income with expenses. This post New Zealand Dollar Soars: Resilient NZD/USD Breaks 0.5950 Barrier Amidst Global Trade Turmoil first appeared on BitcoinWorld .

24 Feb 2026, 04:00

XRP Fell Nearly 70% — Could History Repeat With An 835% Surge?

A sharp drop in XRP has rattled short-term holders, but some onlookers warn the sell-off may be setting a base for a much larger rebound. Reports say the token slid hard after peaking last year, and a mix of on-chain metrics and chart patterns has traders weighing whether this is panic or opportunity. Related Reading: Bitcoin Buying Spree Nears Century Mark, Saylor Hints Deep Losses And A Familiar Pattern According to price data, XRP fell from a high near $3.65 to roughly $1.38, a move that wiped out a large chunk of recent gains and produced a 60% pullback from the July peak. Traders watched as realized losses spiked, with roughly $1.90 billion recorded over one week — a level that matches past capitulation events. When big losses pile up in a short span, selling pressure can be exhausted and the market is often left with fewer weak hands. Reports note that the token is approaching a higher-time-frame demand area between $0.85 and $0.65, a zone that acted as resistance before the rally in late 2024. In prior cycles, that same area turned into a multi-year accumulation range where long-term buyers stepped in. $XRP Crashed 69% And Everyone Is Panicking: Last Time This Happened It Pumped 835%#XRP Is Trading Around $1.39 After Breaking Down From $2 Support Zone. Currently Retesting The HTF Demand Level Which Previously Acted As Multi-Year Accumulation Zone Upper Boundary. Already… pic.twitter.com/ZVKY1nwLD4 — Crypto Patel (@CryptoPatel) February 22, 2026 From Panic To Jubilation Analyst Crypto Patel has highlighted those historical signals on social feeds, arguing the setup looks familiar and may not be permanent panic. He warned that XRP has dropped 69% and panic is spreading, but the last time it fell this much, it surged 835%. Bitcoin Moves Provide Context Across the broader market, Bitcoin’s swings have been a backdrop to altcoin pain. Recent sessions saw BTC shift from the high $66,000s down toward the mid-$60,000s, and that kind of volatility tends to drag other coins along. When BTC retreats, altcoins often fall harder, and XRP was no exception. The interplay between Bitcoin’s price action and altcoin flows is a practical reminder that macro moves still matter even when token-specific stories dominate headlines. Reports have recorded quick selling from short-term holders after price broke below $2, a psychological level many treated as support. That drop accelerated the move to near $1.11 in early February, which represented close to 70% drawdown from the cycle top. Related Reading: XRP Flashes Rare On-Chain Signal That Once Preceded 114% Gains What Traders Are Watching Next A slice of the market exited positions in frustration. Those exits show up cleanly on-chain as realized losses, which can mark the final wave of sellers before stability returns. From a technical view, staying above the lower bound of the $0.65 to $0.85 band on longer timeframes would be taken as constructive by many. If that holds, a phased recovery could bring prior resistance levels back into play — around $2, then $3, and beyond. Featured image from Gemini, chart from TradingView

24 Feb 2026, 04:00

‘Bitcoin to Zero’ Searches Spike Amid BTC’s $65K Struggle in Tariff Fallout

The crypto market has started the week under pressure as macroeconomic uncertainty and trade tensions unsettled investors, briefly pushing Bitcoin below $65,000 and driving a surge in online panic signals. The latest decline has closely followed global economic headlines rather than crypto-specific factors. On Feb. 23, Bitcoin dropped to nearly $64,400 within hours, dragging major altcoins lower and wiping billions from total market value. The move coincided with escalating tariff concerns after U.S. President Donald Trump announced an increase in global import tariffs to 15%, amplifying fears of slower economic growth. Fear Spikes as Retail Sentiment on Bitcoin (BTC) Deteriorates Retail sentiment has weakened sharply as prices struggle around $65,000, with fear increasingly visible across market indicators. Online search behavior reflects growing anxiety, as data from Google Trends shows a record surge in searches for “Bitcoin to zero.” Technical indicators show Bitcoin (BTC) struggling to maintain key support levels amid heightened selling pressure. Spot trading volumes dropped by nearly 59%, limiting liquidity and amplifying price swings. Derivatives markets also reflect caution: open interest fell to $19.5 billion, roughly half of January’s peak. Price charts indicate further downside if support near $64,000 fails, with $60,000 as the key lower target. The 20-day moving average around $68,278 and the lower Bollinger Band near $64,098 show range-bound pressure, while mild outflows and clustered leveraged longs between $64,090–$64,536 could trigger liquidations. Macro Shocks Weigh on Crypto Markets Analysts linked the sell-off to a combination of weakening economic indicators and risk-off sentiment. U.S. housing data showed declining pending home sales, while currency markets reacted to expectations of tighter policy from the Bank of Japan, strengthening the yen and prompting global funds to reduce leverage. Similarly, whale activity added pressure. On-chain data showed large holders moving coins onto exchanges, a signal often associated with selling. Spot trading volumes also dropped significantly, suggesting limited liquidity to absorb sudden moves. The broader market followed Bitcoin lower. Ethereum fell roughly 5%, while other major tokens posted losses between 3% and 8%. Additional attention came after Ethereum co-founder Vitalik Buterin sold millions of dollars worth of ETH, reinforcing concerns about near-term supply pressure. Market participants now view the $60,000 level as a key support zone. Analysts warn that a sustained break below it could trigger large liquidations, while recovery above the mid-$60,000 range may stabilize sentiment. Cover image from ChatGPT, BTCUSD chart from Tradingview