According to Scopescan data, the Ethereum Foundation has just converted 1,700 ETH (about $2.76 million) into USDC. 🔥🔥🔥
Do you still remember the trend of the cryptocurrency market after the last time the Ethereum Foundation sold ETH?
As shown in the market trend chart on May 6, the Ethereum Foundation sold 15,000 ETH on that day. The large-scale selling caused the market to fall for 7 consecutive days (red box area). Compared with the 1,700 ETH sold this time, the volume was nearly 10 times smaller than the last time. What is the intention this time?
Personally, I think that considering that the Ethereum Foundation still has more than 300,000 coins in its main wallet, these 1,700 coins are just like a smokescreen.
It is more like a signal to create panic and release a short signal, as if it is intentionally encouraging investors to short.
Waiting for the opening of U.S. stocks on Monday, there will definitely be surprises.
Operation idea: (It is recommended to place orders at low multiples)
You can try to buy near BTC27200, stop loss at 26920
BTC short position near 28500, cover position near 29100, cover position again near 30100
