ETH Futures and Liquidations

Liquidations in ETH futures reached $224 million, particularly on days when the price fell by 9%. On the options side, trading remained relatively balanced from Monday through Saturday, but dynamics shifted quickly on Tuesday. The put-to-call volume ratio jumped to 2.2x, showing investors suddenly seeking downside protection. While some may have sold puts to bet on a short-term rebound, the broader market appears bracing for further volatility.

The options delta skew was at 18% on Tuesday, meaning puts carried a clear premium. This lopsided demand highlights that hedging is the priority. Confidence remains low, even with ETH sitting 63% below its all-time high.

Onchain Activity and TVL

Ethereum’s total value locked (TVL) dropped to $51 billion, the lowest level since May 2025. With fewer deposits flowing into DApps, network fees have fallen to $13.7 million over the past 30 days, well below the $33 million average seen at the end of 2025. Investors remain concerned that ETH demand may not recover in the short term.

Ethereum co-founder Vitalik Buterin’s recent $7 million worth of ETH sales did little to boost sentiment. In January, he earmarked 16,384 ETH from his personal holdings for privacy-focused technology, open-source hardware, and secure software systems. Still, the optics of the move added pressure to an already fragile market psychology.

ETF Outflows and Institutional Impact

Outflows from ETH ETFs further weighed on investor confidence. U.S.-listed ETH ETFs have seen $405 million in net outflows since February 11, pushing total assets under management down to $12.4 billion. This suggests waning institutional interest. Meanwhile, gold prices surpassed $5,150 during the same period, with gold ETFs attracting $822 million in inflows (week ending February 20, gold.org).

ETH and BTC Correlation

Weak onchain and derivatives data alone do not dictate the market, but whales and market makers appear to be preparing for further downside. ETH remains tightly linked to Bitcoin, with the 20-day correlation staying above 95% for the past three weeks.

The drop to $1,800 has heightened uncertainty among investors. The market is still trying to identify the real drivers behind this crypto bear trend, prompting loss-taking. As long as professional traders remain cautious, the odds of ETH sliding further remain on the table until derivatives metrics stabilize.

Key Takeaways

Price data underscores the market’s fragility. ETH futures liquidations during the recent drop reached $224 million, and onchain activity hit a 12-month low. The put-to-call ratio rose to 2.2x, while delta skew remained at 18%, highlighting the market’s focus on downside protection.

Total value locked (TVL) fell to $51 billion, with network fees hovering at $13.7 million, reflecting stagnant trading activity. Spot ETFs recorded $405 million in outflows, signaling muted institutional interest. Additionally, ETH’s correlation with Bitcoin remains above 95%, with ongoing market uncertainty and cautious traders keeping further downside risk alive.

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The post ETH Options Turn Bearish: Price Faces Risk Below $1,800 appeared first on Coin Engineer.

Bitcoin experienced a pullback to the $42,000 levels as the horizontal movement came to an end recently. If it can see a rebound from this level, it may target the $43,000 levels again. However, if this zone is lost, a further retracement to the $40,750 levels may occur.

‣ Bitcoin (BTC): The BTC/USD pair is currently trading at $42,740 with a %0.48 increase at the time of writing. Resistance levels for BTC are in the range of $44,000 to $44,400, and support levels are in the range of $42,000 to $41,800.

‣ Ethereum (ETH): The ETH/USDT pair is currently trading at $2,251 with a %0.88 increase at the time of writing. Resistance levels for Ethereum are in the range of $2,294 to $2,386, and support levels are in the range of $2,150 to $2,077.

‣ Matic (MATIC): The MATIC/USD pair is currently trading at $1.05 with a %3.80 increase at the time of writing. Resistance levels for MATIC are in the range of $1.18 to $1.52, and support levels are in the range of $0.95 to $0.84.

‣ Ordinals (ORDI): The ORDI/USD pair is currently trading at $71.66 with a %5.06 increase at the time of writing. Resistance levels for ORDI are in the range of $76.02 to $90.09, and support levels are in the range of $48.19 to $44.65.

‣ Gitcoin (GTC): The GTC/USD pair is currently trading at $1.49 with a %7.50 increase at the time of writing. Resistance levels for GTC are in the range of $1.86 to $2.43, and support levels are in the range of $1.34 to $1.11.

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The post Latest Situation in Bitcoin and Cryptocurrencies! – December 27 appeared first on Coin Engineer.

Bitcoin’s sideways movement above $43,000 is encouraging for altcoins. During this period, money is sequentially changing positions in altcoins, and one by one, they are experiencing an upward movement. After circulating throughout the entire market, Bitcoin may surpass the $44,500 level, leading to a corrective period.

‣ Bitcoin (BTC): The BTC/USD pair is currently trading at $42,792 with a 1.88% decrease as of the writing of this article. Resistance levels for BTC are in the range of $44,000 to $44,400, and support levels are in the range of $42,000 to $41,800.

‣ Ethereum (ETH): The ETH/USDT pair is currently trading at $2,239 with a 1.48% decrease. Resistance levels for ETH are in the range of $2,294 to $2,386, and support levels are in the range of $2,150 to $2,077.

‣ Coin98 (C98): The C98/USD pair is currently trading at $0.31 with a 6.98% increase. Resistance levels for C98 are in the range of $0.32 to $0.35, and support levels are in the range of $0.30 to $0.26.

‣ Ordinals (ORDI): The ORDI/USD pair is currently trading at $7.31 with a 10.17% decrease. Resistance levels for ORDI are in the range of $76.02 to $90.09, and support levels are in the range of $48.19 to $44.65.

‣ Injective (INJ): The INJ/USD pair is currently trading at $40.41 with a 7.08% decrease. Resistance levels for INJ are in the range of $41.60 to $43.50, and support levels are in the range of $37.80 to $29.80.

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The post The Current Situation in Bitcoin (BTC) and Cryptocurrencies – December 26th appeared first on Coin Engineer.

We are entering an important period for Bitcoin. Especially if the weekly closing is positive, it can cause significant volatility in the coming days. The approach of monthly and annual closings is also important, as this situation can cause significant changes in the Bitcoin market.

Another significant detail is the possibility of major investors withdrawing from the market with the arrival of the new year and the holiday of US exchanges. This situation could lead to serious directional movements in Bitcoin. It may therefore be beneficial to carefully monitor liquidation rates and long-short ratios. These data can provide significant clues in understanding market trends and investors’ positions.

‣ Bitcoin (BTC) The BTC/USD parity as of the time of writing has increased 0.58% and is trading at $43259. Resistance levels for BTC are in the range of $44000 – $44400, support levels are in the range of $42 – $41800.

‣ Ethereum (ETH) As of the time of writing, the ETH/USDT parity has increased by 0.79% and is trading at $2283. The resistance levels for ETH are in the range of $2294 – $2386, while the support levels are in the range of $2150 – $2077.

‣ Polkadot (DOT) As of the time of writing, the DOT/USD parity has increased by 7.66% and is trading at $9.27. The resistance levels for DOT are in the range of $9.52 – $10.46, while the support levels are in the range of $8.63 – $7.76.

‣Cyber (CYBER) As of the time of writing, the CYBER/USD parity has increased by 10.17% and is trading at $7.31. The resistance levels for CYBER are in the range of $7.36 – $7.96, while the support levels are in the range of $6.46 – $6.20.

‣ MultiversX (EGLD) As of the time of writing, the EGLD/USD parity has a 4.30% increase and is trading at $75.87. The resistance levels for EGLD are in the range of $86.92 – $101.23, while the support levels are in the range of $63.30 – $60.88.

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The post Latest on Bitcoin and Cryptocurrencies! – December 25 appeared first on Coin Engineer.

Bitcoin, although it reached levels of $44,000 yesterday, could not make a daily closing above this level. A withdrawal occurred after eating a sale from the potential sales area. When we look at the Bitcoin chart now, it seems like a double peak formation is forming. If there is a daily closing below $41,000, the formation will be confirmed and we may see a decline to levels of $38,500. Therefore, it is important to be careful in our positions.

‣ Bitcoin (BTC) The BTC/USD pair is trading at $43,651, down 0.78% at the time of writing. Resistance levels for BTC are in the range of $44,000 – $44,400, support levels are in the range of $42 – $41,800.

‣ Ethereum (ETH) The ETH/USDT pair is trading at $2,293, down 1.40% at the time of writing. Resistance levels for ETH are in the range of $2,294 – $2,386, support levels are in the range of $2,150 – $2,077.

‣ Optimism (OP) The OP/USD pair is trading at $3.22, down 6.81% at the time of writing. Resistance levels for OP are in the range of $3.55 – $4.11, support levels are in the range of $2.98 – $2.63.

‣Cyber (CYBER) CYBER/USD pair is trading at $6.72, down 3.35% at the time of writing. Resistance levels for CYBER are in the range of $6.96 – $7.13, support levels are in the range of $6.34 – $5.99.

‣ Matic (MATIC) MATIC/USD pair is trading at $0.84, down 4.01% at the time of writing. Resistance levels for MATIC are in the range of $0.87 – $0.93, support levels are in the range of $0.82 – $0.76.

The post Latest Status on Bitcoin and Cryptocurrencies! – 23 December appeared first on Coin Engineer.

We eagerly awaited the weekly closing price for Bitcoin, which took place around $41,000, but we observe that a positive momentum has not yet been achieved. Despite holding above $40,000, the situation for Bitcoin still maintains its uncertainty. However, if we can maintain this level, there is the potential for Bitcoin to rise again. So, we still need to be careful because the direction in the market maintains its uncertainty. No matter which direction it will be, we need to prepare ourselves for both scenarios.

‣ Bitcoin (BTC) BTC/USD parity is trading at $41199 with a 0.48% decrease at the time this article was written. Resistance levels for BTC are in the $41600 – $42200 range, and support levels are in the $40800 – $39400 range.

‣ Ethereum (ETH) ETH/USDT parity is trading at $2177 with a 0.92% drop at the time this article was written. Resistance levels for ETH are in the $2252 – $2294 range, and support levels are in the $2150 – $2077 range.

‣ Arkham(ARKM) ARKM/USD parity is trading at $0.57 with a 4.85% decrease at the time this article was written. Resistance levels for ARKM are in the $0.60 – $0.65 range, and support levels are in the $0.51 – $0.45 range.

‣ Celestia(TIA) TIA/USD parity is trading at $12.12 with a 4.67% decrease when this article was written. Resistance levels for TIA are in the $12.80 – $14.60 range, and support levels are in the $12.02 – $11.06 range.

‣ Ordinals (ORDI) ORDI/USD parity is trading at $52.25 with a 6.20% increase at the time this article was written. Resistance levels for ORDI are in the $57.00 – $67.86 range, and support levels are in the $49.21 – $44.91 range.

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The post Latest Situation in Bitcoin and Cryptocurrencies! – 18 December appeared first on Coin Engineer.

By the weekend, Bitcoin broke the upward trend that emerged in the short term. In the coming hours or days, we may see a correction down to the levels of $40,000. If a speedy recovery comes above $40,000, a bounce can be experienced from this support point. However, if the candles start to close below and the descending peaks continue, this correction may take a little longer.

‣ Bitcoin (BTC) BTC/USD parity is trading at $41941 with a 0.80% decrease at the time of writing. Resistance levels for BTC are in the range of $42950 – $44250, while support levels are in the range of $42100 – $41400.

‣ Ethereum (ETH) ETH/USDT parity is trading at $2213 with a 0.74% decrease at the time of writing. Resistance levels for ETH are in the range of $2252 – $2294, while support levels are in the range of $2150 – $2077.

‣ Atom (ATOM) ATOM/USD parity is trading at $11.37 with a 5.62% decrease at the time of writing. Resistance levels for ATOM are in the range of $11.55 – $11.96, while support levels are in the range of $11.23 – $10.96.

‣ Jito (JTO) JTO/USD parity is trading at $2.75 with a 5.76% increase at the time of writing. JTO Resistance levels are in the range of $3.51 – $4.27, while support levels are in the range of $2.62 – $1.78.

‣ MultiversX (EGLD) EGLD/USD parity is trading at $63.19 with a 3.52% increase at the time of writing. Resistance levels for EGLD are in the range of $63.52 – $66.86, while support levels are in the range of $57.84 – $49.56.

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The post The Latest State of Bitcoin and Cryptocurrencies! – December 17 appeared first on Coin Engineer.

Bitcoin could not surpass the $43,000 resistance and fell back to $41,600. Instead of thinking we’re in a deep correction right now, we believe Bitcoin is inclined to test lower supports as long as $40,000 isn’t broken. Therefore, caution is needed for short and long trades until clear breakouts come in.

‣ Bitcoin (BTC) BTC/USD pair is trading at $42,329 with a rise of %0.86 as of writing. The resistance levels for BTC are at the range of $42,950 – $44,250.

‣ Ethereum (ETH) ETH/USDT pair is trading at $2,250 with a rise of %1.31 as of writing. The resistance levels for ETH are at the range of $2,252 – $2,294.

‣ Avax (AVAX) AVAX/USD pair is trading at $42.31 with a rise of %6.46 as of writing. The resistance levels for AVAX are at the range of $42.94 – $50.36.

‣ Dydx (DYDX) DYDX/USD pair is trading at $2.93 with a rise of %5.00 as of writing. The resistance levels for DYDX are at the range of $3.01 – $3.26.

‣ MultiversX (EGLD) EGLD/USD pair is trading at $60.59 with a rise of %4.55 as of writing. The resistance levels for EGLD are at the range of $61.35 – $66.86.

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The post Last Status on Bitcoin and Cryptocurrencies! – December 16 appeared first on Coin Engineer.