On-chain data revealed that Ethereum fell to the lowest rating in May 2020 compared to Bitcoin. The current trading rate is 0.023278, a decline of 8.7% over the past 48 hours.
On-chain data reveals that ETH/BTC exchange rates have registered new lows since May 2020. Currently, the trading rate for the currency pair is 0.023278. The total locked value of Ethereum has collapsed about $30 billion since last year.
ETH/BTC pairs fall to their lowest level since May 2020
COINMARKETCAP data ETH has revealed that since December 2024 it has lost 42.9% of its value. The current price of the asset is $1,945 per coin. This year, the market experienced volatility due to macroeconomic factors and regulatory uncertainties.
Breaking🚨: Ethereum $ETH will be the lowest rating compared to Bitcoin $BTC since May 2020 pic.twitter.com/3rtfupygua
– Barchart (@barchart) March 12, 2025
Recent US trade tariffs on Canada, China and Mexico have sent shockwaves across global markets. This led to stocks shrinking as investors expressed concern over a potential trade war between the countries.
The decline in registered prices and the decline in market capitalization are registered. CoinMarketCap data showed that ETH’s market capitalization fell even further than any other crypto assets during the collapse.
The data highlighted that Solana and BNB chains recorded losses of 35.6% and 23%. TradingView data highlighted that Ethereum’s total network value is locked (TVL) has dropped from $74 billion in December to $45 billion.
The pair’s plunge indicates a change in the relative value of Ethereum compared to Bitcoin. This decline reflects wider market sentiment in favor of BTC over Ethereum. Transaction Data View It has revealed that crypto liquidation has exceeded $900 million in the last 24 hours. The analytics platform highlighted that $202 million worth of ETH long positions were wiped out from the network simultaneously.
The liquidation began after ETH lost its major support level at $2,000, and fused investors during the previous sale. Defillama data reveals that Stablecoin inflows have slowed over the past month, indicating a decrease in capital turnover under the ETH protocol.
The data also highlighted that decentralized exchange volumes have fallen from $92 billion in December to $82 billion in February. Futures trading at Ethereum recorded a decline from $31 billion in December to $18 billion in February. Defilama data revealed that Ethereum’s revenues fell from $193 million in December to $26 million in February.
Sosovalue data highlighted that Spot Ether ETF has registered $176 million spills over the past month. The data showed a decline in institutional demand for ETH.
Ethereum Foundation faces liquidation rumours amid falling ETH prices
The unidentified wallet, rumoured to belong to the Ethereum Foundation, has deposited 30,098 ETH in the manufacturer’s vault wallet. The deposits sparked rumors in the crypto community.
Ethereum Developers Eric.eth and Sassal.eth responded to the rumors and denied the wallet that belonged to the Ethereum Foundation. Crypto Traders estimated that if Ethereum prices fell further, the foundation could face a liquidation of more than $100 million.
The Ethereum Foundation revealed that its Treasury Department was valued at $970 million last October. This is a 39% decrease from $1.6 billion in March 2022. The decline was attributed to a fall in Ethereum prices, as assets accounted for 81.3% of the foundation’s holdings.
The foundation traded 100 ETH for 374,334 DAIs in December. It was also revealed that it sold 4,266 ETHs throughout 2024, earning more yields. The foundation has revealed it has accumulated $12.21 million, an average of $2,795 per ETH.
Ethereum Foundation In January 2025, I invested 50,000 ETH, over $165 million in Aave. The foundation is said to have decided to create some yield as ETH prices fell further. The regular sale suggested that the foundation managed the Treasury holdings to cover operating expenses.
Some investors commented that if ETH prices continue to fall, the foundation could be forced to sell some of its holdings at less favorable prices. They suggested that if ETH falls below support levels, the foundation could not maintain its financial commitment, leading to liquidation.
