Why did the second concubine and her other copycat wives and concubines jump into the sea in groups? what is the reason?
Ethereum and Shanzhai now face high uncertainty
I followed some news from the outside. The first thing is that the Cancun upgrade will not be known until the Goerli test network has passed.
Second, the small selling behavior of the Ethereum Foundation is an emotional trigger, but judging from the on-chain data posted every day, Ether has been weakening for a long time, and Ether positions have been flowing into exchanges.
Third, from a technical perspective, this position has reached a critical point, and the strong position of ether has fallen below.
As for jumping into the sea with copycats, it is because the lack of certainty in copycats has caused short-term chip holders to sell and run away. Most people are waiting for Cancun to upgrade.
Going back to that sentence, this round of decline is also to clean up short-term leverage. If it is a long-term fixed investment behavior, this kind of volatility is actually not bad. Some people are worried that the problem of BN US will cause a series of thunders in the currency circle, that the weekly sell-off of FTX will cause a market collapse, or that there will be uncertainty about the Cancun upgrade. In fact, the core is the relationship between supply and demand. The market still lacks liquidity, but the number of people buying spot and fixed investments has increased. The back and forth bear market has worn out and cleaned up the leverage, resulting in fewer spot chips in hand. This is really a game. #一起来跟单 #BTC #ETH $BTC $ETH
Ethereum and Shanzhai now face high uncertainty
I followed some news from the outside. The first thing is that the Cancun upgrade will not be known until the Goerli test network has passed.
Second, the small selling behavior of the Ethereum Foundation is an emotional trigger, but judging from the on-chain data posted every day, Ether has been weakening for a long time, and Ether positions have been flowing into exchanges.
Third, from a technical perspective, this position has reached a critical point, and the strong position of ether has fallen below.
As for jumping into the sea with copycats, it is because the lack of certainty in copycats has caused short-term chip holders to sell and run away. Most people are waiting for Cancun to upgrade.
Going back to that sentence, this round of decline is also to clean up short-term leverage. If it is a long-term fixed investment behavior, this kind of volatility is actually not bad. Some people are worried that the problem of BN US will cause a series of thunders in the currency circle, that the weekly sell-off of FTX will cause a market collapse, or that there will be uncertainty about the Cancun upgrade. In fact, the core is the relationship between supply and demand. The market still lacks liquidity, but the number of people buying spot and fixed investments has increased. The back and forth bear market has worn out and cleaned up the leverage, resulting in fewer spot chips in hand. This is really a game. #一起来跟单 #BTC #ETH $BTC $ETH