Tag: Sell offs
Jeffrey Wilcke Sends $157M in ETH to Kraken — The Ethereum Insider Selloff Crisis That Is Crushing the $2,000 Floor
On March 7, 2026, Ethereum co-founder Jeffrey Wilcke transferred approximately 79,176–79,859 ETH worth $157–$158 million to the Kraken exchange via four separate wallet addresses — his first wallet activity in seven months — as confirmed by Lookonchain and Arkham Intelligence. Wilcke retains 15,737 ETH on-chain worth approximately $31.6 million. His cumulative ETH transfers to Kraken exceed $500 million over the past three years. Vitalik Buterin separately sold 16,384 ETH in February for approximately $45 million citing an Ethereum Foundation austerity period. Ethereum spot ETFs recorded $82.85 million in single-session net outflows with Fidelity's FETH accounting for $67.57 million. ETH has declined 34% since January 2026 and is struggling to hold the $2,000 psychological support level. Analysts project downside to $1,800–$1,500 if current support fails.
Bitcoin’s Sudden Break Below $65,000: Inside the Tariff Shock, Flow Dynamics and Critical Technical Levels
Bitcoin has abruptly broken below the $65,000 mark after a 4–5% daily slide, extending an already painful drawdown that has wiped out roughly half of its value since the October 2025 peak around $125,000. A confluence of Trump’s surprise move to hike global tariffs to 15%, renewed risk‑off in equities, heavy ETF redemptions and visible whale selling into thin weekend liquidity has dragged BTC into a technically fragile zone where $60,000–$65,000 now separates a standard cycle correction from a full‑blown trend reversal.