Vitalik Buterin’s ETH Sales Hit 8,800 in February as Technicals Signal More Downside

Ethereum co-founder Vitalik Buterin has sold 1,869 ETH within a two-day period, bringing his total liquidations for February to approximately 8,800 ETH. This aggressive selling activity has pushed market sentiment into the 'Extreme Fear' zone as investors react to the founder's significant moves. Adding to the bearish outlook, a technical fractal setup now signals further downside risk for the price of Ethereum in the near term. Analysts suggest that such high-profile liquidations often trigger retail panic, complicating the asset's path toward price stability. Consequently, downward pressure remains high on related instruments, including the ETH/BTC pair and Layer-2 tokens like ARB and OP. These developments come at a sensitive time, further challenging Ethereum's market position.