Ethereum's "Bleeding" Continues, Dropping More Than BTC's 80%, When Will the Market Recover?

By: blockbeats|2025/04/07 16:15:03

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.

Ethereum's

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.

Original Article Link

Currently, most Web3 projects are still in the stage of functional fragmentation, often focusing only on a single aspect, such as IP asset tokenization, transaction functionality, or a simple incentive model. This structural dispersion has become a key bottleneck hindering the industry's scale application.

BeatSwap's approach is more integrated, integrating multiple core modules into the same system, including:

· IP authentication and on-chain registration

· Authorization-based revenue sharing mechanism

· User-engagement-driven incentive system

· Transaction and liquidity infrastructure

Through the above integration, the platform builds an end-to-end closed-loop path, allowing IP rights to complete a full cycle of "creation, use, and monetization" within the same ecosystem.

Expanding from Web3 to a broader market: Restructuring the music industry's supply-demand structure

BeatSwap is not limited to existing crypto users but is attempting to take the global music industry as a starting point, actively creating new market demand. Its core strategies include:

Exploring and incubating music creators (Artist discovery)

Building a fan community

Igniting IP-centric content consumption demand

The current global music industry is valued at around $260 billion, with over 2 billion digital music users. This means that the potential market corresponding to the tokenization and financialization of IP far exceeds the traditional crypto user base.

In this context, BeatSwap positions itself at the intersection of "real-world content demand" and "on-chain infrastructure," attempting to bridge the structural gap between content production and financial flow.

"Space" to Launch in Q2 2026: Building the Core of SocialFi

BeatSwap's upcoming core product "Space" is scheduled to launch in the second quarter of 2026. This product is defined as the SocialFi layer in the ecosystem, aiming to directly connect creators with users and achieve deep integration with other platform modules.

Key designs include:

A fan-centric interactive mechanism

Exposure and distribution logic based on $BTX staking

User paths connected to DeFi and liquidity structures

Thus, a complete user behavior loop is formed within the platform: Discovery → Participation → Consumption → Rewards → Trading

$BTX Token Mechanism: Evolving from an Incentive Tool to a Value Carrier

$BTX is designed to be a core utility asset within the ecosystem, rather than just a simple incentive token, with its value directly tied to platform activity and IP use cases.

Main features include:

· Yield distribution based on on-chain authorized actions

· Value reflection based on IP usage and user engagement dynamics

· Support for staking and DeFi participation mechanisms

· Value growth driven by ecosystem expansion

With the increased frequency of IP use, the utility and value support of $BTX will enhance simultaneously, helping alleviate the "disconnect between value and utility" issue present in traditional Web3 token models to some extent.

Accelerating Global Exchange Layout: Enhancing Liquidity and Accessibility

Currently, $BTX has been listed on several mainstream exchanges, including:

Binance Alpha

Gate

MEXC

OKX Boost

As the launch of "Space" approaches, BeatSwap is actively pursuing more exchange listings to further enhance liquidity and global accessibility, laying a foundation for future market expansion.

Beyond Web3: Aiming for a Larger-Scale Integration of Content and Finance Markets

BeatSwap's goal is no longer limited to the traditional Web3 narrative but aims to target over 2 billion digital music users and a trillion KRW-scale content market.

By integrating content creators, users, capital, and liquidity into a blockchain framework centered around IP rights, BeatSwap is striving to build a next-generation infrastructure focused on "IP tokenization."

Conclusion

BeatSwap integrates IP authentication, authorization distribution, incentive mechanism, transaction system, and market construction to establish a unified structure that bridges the full lifecycle path of IP rights.

With the launch of the Q2 2026 "Space," the project is expected to become a key infrastructure connecting content and finance in the IP-RWA (Real World Assets) track.

Mag 7 Evaporates $2 Trillion | Rewire News Morning Edition

Market First Pricing Yearly Rate Hike

Losing $19K per Coin Mined, Bitcoin Mining Firms Collective AI Defection

These mining companies are increasingly resembling data center operators, just happen to be mining Bitcoin.

Morning Report | Tom Lee predicts that the cryptocurrency winter will end in April; xStocks introduces a new on-chain private equity fund; Sui mainnet upgraded to V1.68.1

Overview of Important Market Events on March 29

Polymarket rules have changed, how should airdrop participants respond?

The regulatory hunt has already formed, and Polymarket's policy upgrade is a proactive response to this hunt.

Crypto ETF Weekly | Last week, the net outflow of Bitcoin spot ETFs in the U.S. was $296 million; the net outflow of Ethereum spot ETFs in the U.S. was $206 million

Franklin Templeton launches tokenized ETFs, enabling 24/7 cryptocurrency wallet trading.

This Week's Key News Preview | The U.S. Releases March Non-Farm Payroll Data; Polymarket Expands Fee Structure

Highlights from March 30 to April 5 this week.

Slow Down, That's the Answer to the Age of the Agent

Rather than worrying about AI, it's better to regain control of pace and judgment

From Cash to Cryptocurrency: Moving Towards a Unified Regulatory Path for Illegal Payments

By establishing a framework based on the principle of "general law" and broadly defining the function of "payment tools," future innovations can be automatically included in the regulatory perspective, thereby breaking the passive cycle of "innovation-regulation-re-innovation-re-regulation" and guid...

Who will own the most Bitcoin in 2026

In this article, we will examine some individuals, companies, and wallets that have become crypto whales based on on-chain data and their own public statements, and investigate the amount of Bitcoin they hold.

A private feud lasting 10 years, if not for OpenAI's "hypocrisy," would not have led to the world's strongest AI company, Anthropic

What shapes the global AI landscape is not only the competition of technological routes but also a personal trauma that has never healed.

"Crypto Tsar" steps down: 130 days of political performance come to an end, how much of Trump's crypto promise remains?

The encryption czar has left, and Trump has muted.

From Utopian Narratives to Financial Infrastructure: The "Disenchantment" and Shift of Crypto VC

Financial infrastructure is the real reason that attracts venture capital investment in the cryptocurrency field.

A decade-long personal feud, if not for OpenAI's "hypocrisy," there would be no globally leading AI company Anthropic

Shaping the global AI landscape is not just a battle of technical paths, but also a wound of private trauma that has never healed

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized

Essentially, this attribute allows stakeholders to have a "virtual lane" within a high-throughput blockchain to ensure their transactions can be included.