Ethereum's "Bleeding" Continues, Dropping More Than BTC's 80%, When Will the Market Recover?
Original Article Title: "Ethereum Falls Back to Five Years Ago! 'ETH/BTC' Drops Below 0.02 to Hit New Low Since 2020, Community FUD Continues to Ferment"
Original Article Author: 0xJigglypuff, Dynamic Zone Dynamic Trend BlockTempo
Ethereum's exchange rate ratio against Bitcoin (ETH/BTC) today dropped below 0.02, hitting a new low of over five years, even lower than the beginning of 2020, triggering community panic and doubt. Experts say this represents the faith Ethereum has built over the past five years, which has now reset at the market level.
Ethereum has recently suffered from market sell-offs, with today's (7th) exchange rate against Bitcoin (ETH/BTC) dropping below 0.02, reaching the lowest point since early 2020, showing that the market has extreme distrust in Ethereum compared to Bitcoin, making it the preferred asset to be sold off. At the same time, the community has recently increased its criticism of Ethereum, putting Ethereum in a dual crisis of community and market trust.

Tariff War Exposes Asset's "True Colors"
Today, news of Trump's tariff war continued to ferment at the opening of the Asian market, causing not only a futures trading halt in Japan but also triggering sharp declines in Hong Kong, South Korea, and Taiwan, leading to a market bloodbath. Against this backdrop, the cryptocurrency market also experienced a sharp decline, with Bitcoin falling to $77,000 and Ethereum suffering even more. The "ETH/BTC" pair, considered by the crypto community as a DeFi arbitrage stability indicator, saw a 7.5% drop within 24 hours, showing that the market is selling off Ethereum at a much faster pace than Bitcoin, even briefly dropping below 0.02, returning to early 2020 levels.
In an interview with an anonymous crypto market expert, Dynamic Zone revealed that this is a huge warning sign for Ethereum, especially as the market believes that Ethereum's achievements over the past five years have been erased, severely denting investor confidence:
The ETH/BTC pair was supposed to be a relatively stable trading pair compared to stablecoins and other tokens, so during the DeFi era, many whales relied on this indicator to judge market stability. Investing in this liquidity was also much less costly than losses in other assets.
But when you see this ratio drop by 5% in a day, this level of fluctuation is already at the single-asset level, and even risk-averse investors specializing in this liquidity cannot avoid losses. This is a huge blow to long-term investors, especially those who still believe in Ethereum. Many believers entered the market at 0.13 and provided liquidity, and now from 0.02, even if they only invested in ETH/BTC, the value has dropped to less than one-sixth. I know many Ethereum believers who have already left in heartbreak...
Ethereum Decay Begins to Show Since 2024
While on the surface it may seem like Trump's trade war has brought Ethereum to a "full circle," in reality, signs of decay in Ethereum have been evident since 2024. Not only has Ethereum's key figure, Vitalik, faced intense community criticism, but many ecosystem insiders, supporters, and investors have publicly criticized the Ethereum Foundation's lack of action since 2024, ultimately leading to a recent reassessment and reorganization.
However, the reorganization clearly did not quell the community's anger. Prior to this recent plunge, three pieces of community FUD news emerged in just one week, all coming from former Ethereum allies, such as Base game developers, Ethereum OGs, and venture capital firm Paradigm, who criticized Ethereum on multiple issues including culture, decision-making, programming language, and foundation corruption.
This year, Ethereum also saw a new batch of senior executives, including some female officials, such as the new chair Aya Miyaguchi and the new executive director Xiao Wei Wang. However, these new executives' appointments have also sparked some community controversies. For example, Aya Miyaguchi once stated on social media that she believes Ethereum's purpose is "Ethereum is very valuable, and we can sell it to support developers." This statement sparked considerable controversy, indicating a significant gap between the foundation's internal views and the broader user base.
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WEEX P2P update: Country/region restrictions for ad posting
To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.
I. Overview
When publishing P2P ads, advertisers can now set the following:
Allow only counterparties from selected countries or regions to trade with your ads.
With this feature, you can:
Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.
II. Applicable scenarios
The following are some common scenarios:
Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.
III. How to get started
On the ad posting page, find "Trading requirements":
Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.
When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:
If you encounter this issue when placing an order as a regular user, try the following solutions.
Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.
IV. Benefits
Compared with ads without country/region restrictions, this feature provides the following improvements.
Aspect
Improvement
Trading security
Reduces abnormal orders and fraud risk
Conversion efficiency
Matches ads with more relevant users
Order completion rate
Reduces failures caused by incompatible payment methods
V. FAQ
Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.
Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.
Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.