The Ethereum market has experienced a significant downturn, with both institutional investors and long-term holders exiting the asset. World Liberty Financial, a project backed by former US President Donald Trump, recently liquidated a substantial portion of its Ethereum holdings at a notable loss. The company sold 5,471 ETH, worth approximately $8.01 million, highlighting a major shift in strategy amid losses that could exceed $125 million. This marks one of the largest institutional exits from Ethereum in recent months. Meanwhile, long-term holders also contributed to the market slide. Arkham Intelligence revealed that a prominent whale holding 10,000 ETH for over nine years offloaded their holdings for $15.71 million. While this sale was profitable at $2.75 million, it underscores increasing pessimism in the Ethereum landscape, with long-term holders increasingly opting to exit amid market volatility.