Ethereum just had one of its ugliest weeks of the year — and the numbers tell the story better than any chart.

$ETH is trading around $1,830 after dipping to $1,711, its lowest since early July. It lost the $2,000 level on Friday and is down roughly 18% on the week — a steeper fall than $BTC, which is also hurting near $65,000.

The flow data is ugly too. US spot Ethereum ETFs saw about $398.9 million in net outflows between Nov 9–13, and an Ethereum Foundation-linked wallet sold 7,500 ETH over four days. When sellers include names like that, weak hands notice.

But here's the part most panic posts skip: the biggest ETH holder isn't selling. BitMine still holds 6.07 million ETH — nearly 5% of all ETH in existence — with over 5.2 million staked. Its chairman Tom Lee listed five possible causes for the selloff and still says the longer-term supercycle isn't over.

That's the tension right now. Short term, $ETH looks heavy below $2,000, and holding $1,750 is the next test. Long term, the largest treasury bet in the space hasn't flinched.

Extreme fear is when narratives split. Which side are you on — buying the fear, or waiting for confirmation?

#Ethereum #ETH