 ▲ Ethereum (ETH) |
A wave of aggressive selling has flowed into the Ethereum (ETH) market, pushing key on-chain indicators to their lowest levels since November 2025 and amplifying investor anxiety.
According to cryptocurrency media outlet Bitcoinist on February 16 (local time), CryptoQuant analyst CryptoOnchain reported that Ethereum’s taker buy-sell ratio on Binance, based on the 30-day moving average, has fallen to 0.97. The taker buy-sell ratio measures whether aggressive buyers or sellers are dominating the futures market, with a reading below 1.00 indicating stronger selling pressure.
The recently recorded level of 0.97 marks the lowest point since November last year, signaling the spread of bearish sentiment among Ethereum derivatives traders. CryptoOnchain noted that this figure reflects more than a temporary price reaction, suggesting a fundamental shift in sentiment among Ethereum futures investors over the past month. In particular, the surge of aggressive sell orders on Binance, the world’s largest exchange, highlights structural vulnerabilities in the market.
Although a decline in the taker buy-sell ratio does not necessarily lead to an immediate plunge, it is widely interpreted as a sign that bears are highly likely to gain short-term advantage. Ethereum is currently trading around $2,085, up 1.7% from the previous day, but if it fails to withstand downward pressure and key support levels break, further declines appear inevitable. Conversely, if spot market demand fails to absorb the ongoing sell pressure, market instability could intensify.
However, with bearish sentiment in the futures market reaching extremes, an unexpected influx of buying could trigger a short squeeze driven by the liquidation of short positions, potentially sending prices sharply higher. The market currently stands at an unstable juncture, capable of exhibiting strong volatility in both directions. Investors are therefore advised to closely monitor indicator movements and respond cautiously in preparation for heightened volatility.
Disclaimer: This article is for investment reference only and the publisher is not responsible for any losses incurred based on its content. The information provided should be interpreted solely for informational purposes.