Ethereum Investors Rush to Dump Holdings as Exchange Deposits Fall to Lowest Level Since August
Ethereum Investors Rush to Dump Holdings as Exchange Deposits Fall to Lowest Level Since August
A historic panic-sell event has erupted in the Ethereum (ETH) market, pushing on-chain asset transfers to their highest level since last August. As Bitcoin (BTC) struggles with weak price action and fear across the broader market reaches an extreme, investors are rushing to deposit assets into exchanges, intensifying selling pressure.
According to cryptocurrency outlet CryptoPotato on February 10 (local time), Ethereum’s network activity and exchange inflows have recently surged to their highest levels since the sharp market crash in August 2025. Analyst Shayan (ShayanMarkets) noted that Ethereum holders are engaging in mass capitulation selling driven by fear of further value declines, calling it a dangerous signal as technical indicators approach oversold territory. He added that heavy dumping by short-term holders is accelerating downside pressure.
Ethereum’s price has collapsed sharply after losing its key support at $2,500 and is now struggling around the $2,034 level. The sharp increase in Ethereum flowing into exchanges is interpreted as evidence that investors are rushing to convert holdings into cash in anticipation of further declines. Over the past 24 hours, Ethereum has fallen about 3.91%, stoking market concerns and triggering large-scale liquidations in the futures market, which have further amplified volatility.
This on-chain data trend suggests that investors are viewing current conditions not as a simple correction but as a precursor to a prolonged downturn. Similar to the sharp crash recorded last August, exchange balances are rising steeply, indicating potential waiting sell supply rather than added liquidity. Whale investors have also been spotted moving large amounts of Ethereum from certain wallets, further heightening market anxiety.
As the Fear and Greed Index fails to recover from extreme fear, Ethereum’s ability to hold the psychologically critical $2,000 support level is expected to be a key turning point for future direction. Market experts warn that if Bitcoin fails to reclaim the $70,000 level and continues to move sideways, Ethereum’s panic selling could persist for several more days. Investors are currently focusing on risk management while bracing for the possibility of cascading liquidations if prices fall further.
*Disclaimer: This article is for investment reference only, and no responsibility is taken for investment losses based on it. The content should be interpreted solely for informational purposes.*
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