So, apparently, some wallet linked to Forward Industries decided to have a garage sale and dumped 8,200 ETH (worth a cool $14.91 million) onto Coinbase on February 25th. Because, you know, nothing says “I believe in the future of crypto” like selling at a $10.82 million loss. Way to stick it to the man, guys.
This wallet had been holding onto those assets for nearly three years, which is basically an eternity in crypto years. Like, did they just forget about it? Or were they waiting for the perfect moment to ruin everyone’s day? Either way, kudos for the dramatic timing.
Previously, this wallet had hoarded 23,491 ETH (worth $76.26 million) from Binance and Coinbase. Most of it was staked, probably because they thought, “Hey, let’s make this money work for us!” Spoiler alert: it didn’t.
Now, instead of cozying up in cold storage, this ETH is taking a field trip to a centralized exchange. Because nothing says “I’m done with this” like sending your crypto to Coinbase. It’s like breaking up via text message-cold, efficient, and slightly embarrassing.
When long-term holders sell at a loss, it’s like the crypto equivalent of a sad trombone noise. Confidence? Weakened. Timing? Questionable. Ethereum’s feelings? Hurt.
Can Ethereum Hold $1,800 or Is It Time to Panic?
Ethereum is currently trapped in a descending channel, which sounds like a bad romantic comedy but is actually just a fancy way of saying “the price is going down.” It’s lost the $2,122 level and is now clinging to $1,800 like it’s the last slice of pizza at a party.
At press time, ETH was trading near $1,889, with the lower channel boundary creeping up on $1,800 like a sneaky cat. The pressure is on, but buyers are sitting this one out, probably binge-watching Netflix instead.
If $1,800 doesn’t hold, we’re looking at a freefall into deeper liquidity pockets. But hey, if it does hold, maybe we’ll get a relief rally. Or maybe not. It’s crypto-who knows?
The 14-day RSI is chilling at 33.39, which is basically crypto’s way of saying, “I’m fine, I’m just tired.” No bullish divergence, no confirmed strength. Just a lot of shrugging.
Shorts Are Having a Field Day, But Will They Regret It?
Shorts are dominating liquidations like they’re at a Black Friday sale. $37.65 million in shorts versus $6.6 million in longs? Someone’s betting big on the downside. Binance, Hyperliquid, Bybit-everyone’s in on the action. It’s like a short-selling party, and you’re not invited.
But here’s the thing: when everyone’s short, a squeeze is just waiting to happen. If ETH stabilizes above $1,800, those shorts might end up as the punchline to a very expensive joke.
Liquidation asymmetry is like a ticking time bomb. Volatility? Oh, it’s coming. Buckle up.
Funding Turns Positive, But Don’t Get Too Excited
The OI-Weighted Funding Rate is positive at +0.0050%, which means longs are paying shorts to keep the party going. But let’s be real-this isn’t exactly a vote of confidence. It’s more like a “we’ll see how this goes” kind of situation.
Funding was negative before, and now it’s positive. Is this a sign of early dip-buying? Or just a desperate attempt to keep the lights on? Either way, it’s not exactly inspiring.
Positive funding during weakness is like putting a band-aid on a bullet wound. It might stop the bleeding for a minute, but the underlying issue is still there. Fragile equilibrium? More like a house of cards.
So, derivatives positioning is cautiously optimistic. Or maybe just cautious. ETH is sensitive to sharp moves, which is crypto-speak for “expect the unexpected.”
Capitulation or Just a Bad Day?
Ethereum is at a crossroads. $1,800 is the line in the sand. If it holds, shorts might get squeezed harder than a lemon at a lemonade stand. If it doesn’t, well, let’s just say the downside could get ugly.
Leverage is amplifying everything, so whether we’re looking at a rebound or a breakdown, one thing’s for sure: it’s going to be dramatic. Because crypto wouldn’t have it any other way.
Final Summary (Because You Probably Skipped to the End)
- Forward Industries dumped 8,200 ETH ($14.91 million) on Coinbase, taking a $10.82 million loss. Ouch.
- Ethereum is trading near $1,889 inside a descending channel, with $1,800 as the make-or-break level.
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2026-02-25 21:59