Understanding this conspiracy, you understand the crypto world:
Trump's eldest son first shouted to buy Ethereum, and then started a series of sell-offs from 3800. The interim rebound was just to trap more retail investors—this is not market fluctuation, but a conspiracy between capital and public opinion.
On the night of February 4th, it dropped from 2900 to 2100, in fact, during that wave, most retail investors in the market had at least lost over 70%, and were already very desperate.
But it wasn't enough, because there was still a portion of retail investors on top continuing to buy the dip, so after a rebound, they continued to sell off, dropping from 2600 all the way to 1800, by that time there were not many buyers left, most retail investors had already cut their losses and left the market.
But it still wasn't enough, far from enough, they continued to sell from 1800 to 1350, constantly poking the market to force ancient big holders to hand over their chips, before it finally started to stabilize. The entire process lasted nearly half a year, and it happened while Bitcoin hardly dropped at all; it can be described as extremely bloody and brutal.
After experiencing 1011 this time, the market depth, selling pressure cost, and institutional endorsement are far lower than the previous wave of Ethereum. Meanwhile, this time both BTC and ETH have a large amount of profit positions that need to be cleared.
What kind of market will emerge later, we shall wait and see.
