BEARISH 📉 : Vitalik Buterin Sells ETH, DeFi TVL Drops Below $100B

Ethereum Trends

Ethereum's price is declining towards $2,000, with increased selling pressure.
Vitalik Buterin has sold 2,961.5 ETH ($6.6M) over three days at an average of $2,228.
Spot ETH ETFs in the US have experienced strong outflows since January 20.
A notable net outflow of $79.4M was recorded on February 4, mainly from BlackRock's sale.
Despite bearish trends, some investors are accumulating Ethereum.
Centralized exchanges reported a net outflow of 143,640 ETH ($335M).

DeFi and Market Movements

The DeFi sector saw a 3.4% decrease in total value locked to $99.8 billion.
Leading protocols like Aave and Lido experienced declines in TVLs by 4.5% and 7%, respectively.
Traders betting against ETH made significant profits, with one whale earning $102.7M.
Another trader gained $55.5M by shorting Bitcoin, ETH, and Solana.
ETH has dropped by 29% in the past week, currently trading at $2,100.
Daily trading volume for ETH rose by 11% to $51 billion.