This morning, ETH crashed and plummeted, falling 8% in a short period of time. This is mainly because Grayscale Fund sold $1 billion of ETH, which brought great pressure to the market. ETH's poor performance also dragged down the entire market.

Risk warning:

Mentougou selling pressure:

Mentougou has begun to distribute BTC and BCH to exchanges such as Bitstamp, which marks the official start of large-scale asset distribution, and the expected selling pressure is as high as $9 billion.

ETH ETF net inflow is insufficient:

Although the ETH ETF has a net inflow of $100 million, it is relatively insufficient compared to Grayscale's $1 billion selling pressure.

Bitcoin Conference is about to be held:

The Bitcoin Conference is about to be held, and the phenomenon of falling at every conference in history has once again caused market concerns.

In this case, everyone needs to pay close attention to market dynamics and operate cautiously. Stay calm and don't be confused by short-term market fluctuations.