Ethereum's "Bleeding" Continues, Dropping More Than BTC's 80%, When Will the Market Recover?
Original Article Title: "Ethereum Falls Back to Five Years Ago! 'ETH/BTC' Drops Below 0.02 to Hit New Low Since 2020, Community FUD Continues to Ferment"
Original Article Author: 0xJigglypuff, Dynamic Zone Dynamic Trend BlockTempo
Ethereum's exchange rate ratio against Bitcoin (ETH/BTC) today dropped below 0.02, hitting a new low of over five years, even lower than the beginning of 2020, triggering community panic and doubt. Experts say this represents the faith Ethereum has built over the past five years, which has now reset at the market level.
Ethereum has recently suffered from market sell-offs, with today's (7th) exchange rate against Bitcoin (ETH/BTC) dropping below 0.02, reaching the lowest point since early 2020, showing that the market has extreme distrust in Ethereum compared to Bitcoin, making it the preferred asset to be sold off. At the same time, the community has recently increased its criticism of Ethereum, putting Ethereum in a dual crisis of community and market trust.

Tariff War Exposes Asset's "True Colors"
Today, news of Trump's tariff war continued to ferment at the opening of the Asian market, causing not only a futures trading halt in Japan but also triggering sharp declines in Hong Kong, South Korea, and Taiwan, leading to a market bloodbath. Against this backdrop, the cryptocurrency market also experienced a sharp decline, with Bitcoin falling to $77,000 and Ethereum suffering even more. The "ETH/BTC" pair, considered by the crypto community as a DeFi arbitrage stability indicator, saw a 7.5% drop within 24 hours, showing that the market is selling off Ethereum at a much faster pace than Bitcoin, even briefly dropping below 0.02, returning to early 2020 levels.
In an interview with an anonymous crypto market expert, Dynamic Zone revealed that this is a huge warning sign for Ethereum, especially as the market believes that Ethereum's achievements over the past five years have been erased, severely denting investor confidence:
The ETH/BTC pair was supposed to be a relatively stable trading pair compared to stablecoins and other tokens, so during the DeFi era, many whales relied on this indicator to judge market stability. Investing in this liquidity was also much less costly than losses in other assets.
But when you see this ratio drop by 5% in a day, this level of fluctuation is already at the single-asset level, and even risk-averse investors specializing in this liquidity cannot avoid losses. This is a huge blow to long-term investors, especially those who still believe in Ethereum. Many believers entered the market at 0.13 and provided liquidity, and now from 0.02, even if they only invested in ETH/BTC, the value has dropped to less than one-sixth. I know many Ethereum believers who have already left in heartbreak...
Ethereum Decay Begins to Show Since 2024
While on the surface it may seem like Trump's trade war has brought Ethereum to a "full circle," in reality, signs of decay in Ethereum have been evident since 2024. Not only has Ethereum's key figure, Vitalik, faced intense community criticism, but many ecosystem insiders, supporters, and investors have publicly criticized the Ethereum Foundation's lack of action since 2024, ultimately leading to a recent reassessment and reorganization.
However, the reorganization clearly did not quell the community's anger. Prior to this recent plunge, three pieces of community FUD news emerged in just one week, all coming from former Ethereum allies, such as Base game developers, Ethereum OGs, and venture capital firm Paradigm, who criticized Ethereum on multiple issues including culture, decision-making, programming language, and foundation corruption.
This year, Ethereum also saw a new batch of senior executives, including some female officials, such as the new chair Aya Miyaguchi and the new executive director Xiao Wei Wang. However, these new executives' appointments have also sparked some community controversies. For example, Aya Miyaguchi once stated on social media that she believes Ethereum's purpose is "Ethereum is very valuable, and we can sell it to support developers." This statement sparked considerable controversy, indicating a significant gap between the foundation's internal views and the broader user base.
You may also like

Abraxas Capital Mints $2.89 Billion USDT: Liquidity Boost or Just More Stablecoin Arbitrage?
Abraxas Capital just received $2.89 billion in freshly minted USDT from Tether. Is this a bullish liquidity injection for crypto markets, or is it business as usual for a stablecoin arbitrage giant? We analyze the data and the likely impact on Bitcoin, altcoins, and DeFi.

A VC from the Crypto world said AI is too crazy, and they are very conservative

The Evolutionary History of Contract Algorithms: A Decade of Perpetual Contracts, the Curtain Has Yet to Fall

Kicked out by PayPal, Musk aims to make a comeback in the cryptocurrency market

Solana ETF News: What Is a Solana ETF and Why Is Goldman Sachs Betting $108 Million on SOL?
Solana ETF news today shows Goldman Sachs disclosed a $108M position while total SOL ETF inflows reached $1.45B. Analysts now expect up to $6B in institutional demand as Solana trades 71% below its all-time high.

Bitcoin ETF News Today: $2.1B Inflows Signal Strong Institutional Demand for BTC
Bitcoin ETFs news recorded $2.1B inflows over 8 consecutive days, marking one of the strongest recent accumulation streaks. Here’s what the latest Bitcoin ETF news means for BTC price and whether the $80K breakout level is next.

Michael Saylor: Winter is Over – Is He Right? 5 Key Data Points (2026)
Michael Saylor tweeted yesterday “Winter‘s Over.” It is short. It is bold. And it has the crypto world talking.
But is he right? Or is this just another CEO pumping his bags?
Let us look at the data. Let us be neutral. Let us see if the ice has really melted.

WEEX Bubbles App Now Live Visualizes the Crypto Market at a Glance
WEEX Bubbles is a standalone app designed to help users quickly understand complex crypto market movements through an intuitive bubble visualization.

Polygon co-founder Sandeep: Writing after the chain bridge chain explosion

Major Upgrade on Web: 10+ Advanced Chart Styles for Deeper Market Insights
To deliver more powerful and professional analysis tools, WEEX has rolled out a major upgrade to its web trading charts—now supporting up to 14 advanced chart styles.

Morning Report | Aethir secures a $260 million enterprise contract with Axe Compute; New Fire Technology acquires Avenir Group's trading team; Polymarket's trading volume surpassed by Kalshi

Why a Million-Follower Crypto KOL Chooses WEEX VIP?
Discover why top crypto KOL Carl Moon partnered with WEEX. Explore the WEEX VIP ecosystem, 1,000 BTC protection fund, and exclusive rewards for serious traders.

CoinEx Founder: The Crypto Endgame in My Eyes

Spark Coin (SPK): Explodes 73% as Aave Bleeds $15B, A Good Investment Now?
Spark coin (SPK) surged 73% as $15 billion fled Aave after the KelpDAO hack. This article explains what Spark is, why it’s pumping, and whether it is a good investment right now.

As Aave's building collapses, Spark's high-rise is rising

RootData: Q1 2026 Cryptocurrency Exchange Transparency Research Report

What Is Memecoin Trading? A Beginner's Guide to How It Works, the Risks, and 2026's Hottest Tokens
Memecoins surged 30%+ at the start of 2026 while Bitcoin was flat. RAVE spiked 4,500% then crashed 90% in days. MAGA jumped 350% overnight. This guide explains exactly how memecoin trading works — and how to not blow up your account doing it.

Trump Extends Ceasefire: Bitcoin Hits $79K — What Crypto Traders Need to Know Right Now
Bitcoin surged past $79,000 after Trump extended the ceasefire indefinitely. We break down exactly what happened, how every major crypto reacted, and what traders should watch next — including the one level that could unlock an $85,000 BTC rally.
Abraxas Capital Mints $2.89 Billion USDT: Liquidity Boost or Just More Stablecoin Arbitrage?
Abraxas Capital just received $2.89 billion in freshly minted USDT from Tether. Is this a bullish liquidity injection for crypto markets, or is it business as usual for a stablecoin arbitrage giant? We analyze the data and the likely impact on Bitcoin, altcoins, and DeFi.
A VC from the Crypto world said AI is too crazy, and they are very conservative
The Evolutionary History of Contract Algorithms: A Decade of Perpetual Contracts, the Curtain Has Yet to Fall
Kicked out by PayPal, Musk aims to make a comeback in the cryptocurrency market
Solana ETF News: What Is a Solana ETF and Why Is Goldman Sachs Betting $108 Million on SOL?
Solana ETF news today shows Goldman Sachs disclosed a $108M position while total SOL ETF inflows reached $1.45B. Analysts now expect up to $6B in institutional demand as Solana trades 71% below its all-time high.
Bitcoin ETF News Today: $2.1B Inflows Signal Strong Institutional Demand for BTC
Bitcoin ETFs news recorded $2.1B inflows over 8 consecutive days, marking one of the strongest recent accumulation streaks. Here’s what the latest Bitcoin ETF news means for BTC price and whether the $80K breakout level is next.




