Altcoins News

Story: Ethereum Crashes Below $2,000 as Major Holders Face Massive Losses

By Julie Binoche

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Ethereum got crushed. The second-largest cryptocurrency by market cap fell below the critical $2,000 level last week and can't seem to climb back up, leaving major investors…

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The selloff has been brutal for anyone who bought ETH at higher prices over the past year. BitMine, which holds the largest Ethereum treasury among public companies, now sits on…

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On-chain analyst CW8900 pointed out something interesting about accumulation addresses that have been active since June 2025.

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Bloomberg Intelligence's James Seyffart noted the ETF situation mirrors what happened in April 2025.

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But some whales aren't giving up. Not yet.

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BitMine doubled down on its Ethereum bet by purchasing another 40,000 ETH and staking 140,400 ETH, bringing their total staked holdings to 2.97 million ETH.

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Trading activity tells its own story too. CryptoQuant researcher Alex Kim noted on February 10 that ETH's trading volume dropped 20% compared to January levels.

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Binance CEO Changpeng Zhao mentioned on February 8 that user queries about Ethereum jumped 15% on their platform, even as prices kept falling.

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Some smaller funds are feeling the heat more than the big players. Altana Digital Currency Fund cut their Ethereum exposure by 10% over the past week, trying to reduce risk as…

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Glassnode data from February 12 showed Ethereum's active address count rose 5% over the past week, suggesting network activity remains fairly steady despite the price problems.

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Industry analyst Tom Lee from Fundstrat Global Advisors thinks current levels might be a buying opportunity for patient investors.

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Pantera Capital kept their Ethereum holdings unchanged in their latest portfolio update from February 11.

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ETH needs to reclaim that $2,000 level and hold it to show any real strength. For now, major holders are basically betting on a future recovery while sitting on massive paper…

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The broader cryptocurrency market hasn't provided much support for Ethereum's struggles either.

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Several major DeFi protocols built on Ethereum have also felt the pressure from falling ETH prices. Uniswap's total value locked decreased by $2.

The Currency Analytics

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