Binance Square fam, ETH is bleeding hard in February 2026! Trading at $2,080.05, down 8.8% weekly and a brutal 32.9% monthly – market cap $251.1B, 24h vol $36.1B, net outflows $2.85M/hour. Fear & Greed at extreme fear (8) – selling pressure everywhere. Here's the breakdown + what to watch:
Market Status Breakdown:
ETH down to $2,080.05 amid global crypto crash – BTC drag, macro fears (Fed hawkish, government shutdown risks), and deleveraging wiping longs.
24h net outflows $2.85M, signaling heavy selling; total market liquidations hit $2.5B in leveraged positions.
Core Driving Factors (From Recent News):
Institutional Liquidation: Trend Research finalized a massive ETH sell-off, dumping ~651K ETH for $1.35B, taking a $734M loss (per Chaincatcher & Bitget News). They entered long at $3,180 avg, closed at $2,053 avg – full liquidation complete.
On-Chain Pressure: Large ETH transfers to exchanges like Binance for loan repayments – Trend Research alone sold 411K ETH since Feb 1, per TradingView & Arkham Intel.
ETF Outflows: ETH spot ETFs bled $79.4M, $80.8M, $21.3M over 3 days – reducing demand (CryptoSlate data).
Market Deleveraging: $2.5B longs liquidated across crypto, amplifying ETH drop (CryptoSlate & KuCoin Flash).
Technicals Screaming Bearish:
RSI 66.7% bearish accuracy – oversold soon?
MACD histogram negative, Bollinger Bands expanding downward.
Long/Short ratio 0.36 – shorts dominate.
Support: $1,950 | Resistance: $2,230 – breakdown below $2,000 could trigger more panic.
Whale Activity – Bearish Bias Strong:
1,371 short whales vs 613 long whales.
Shorts hold ~1M ETH – high concentration risks squeeze if reversal hits.
Trend Research's $686M+ loss (per Arkham X post) shows institutions exiting.
Risk Warning:
High short concentration could lead to squeeze on positive news (e.g., ETF inflows reverse).
Market in Extreme Fear (8) – could be bottom signal, but more pain if BTC breaks $70K.
ETH holders – panic sell or diamond hands? Who's buying the dip? Drop your strategy & targets below! 👇
Sources: Chaincatcher, Bitget News, CryptoSlate, TradingView, KuCoin, Arkham X post, AInvest, Phemex (web searched & verified).