Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.

〽️Ethereum has dropped to ≈ $2,200–$2,400
〽️Market value has lost approximately $400 billion
📝Key Reasons
Fed Policy
Interest rates remained stable at 3.50–3.75%. Powell said "we are not in a hurry." Trump's nominee for Fed Chairman, Kevin Warsh, adopted a hawkish stance → hopes for interest rate cuts diminished → risky assets (crypto) were sold off.
ETF Outflows
Hundreds of millions of dollars in net outflows occurred from spot BTC and ETH ETFs. Institutional investors reduced their positions. Leveraged Liquidations
Over $500 million liquidated in the last 24 hours (mostly long positions). Excessive leverage → domino effect, prices fell faster.
Geopolitical Risk + Macro Fear
Middle East tension, Trump's threat of 25-60% tariffs, strong dollar → triggered a global risk-off mode. Shift to gold and safe havens accelerated.
Technical and Sentiment Factor
Fear & Greed Index at "Extreme Fear" level. Low liquidity over the weekend → sales were more severe.
🤔What Happens in the Short Term?
💵For BTC, $75,000 is a critical support. If broken, $70,000 may be tested.
💵For ETH, the $2,000-$2,200 region is important.
Volatility will remain high unless liquidity returns.
Conclusion✒️
This decline is a combination of macroeconomic pressure + leverage cleanup + corporate exits. Many analysts see this as a "healthy correction" or "opportunity to pick up the bottom," but the pressure may continue as macroeconomic uncertainty persists.
📍Recommendation for investors: Stay away from leverage, avoid panic selling, and act based on data.