$ETH Big V boasting retail investors taking over? Where is ETH headed?
While others listen to news, we observe actions. Arthur Hayes has made it very clear with this round of "talking bullish while reducing holdings."
His calls over the past couple of days have indeed been loud, stating Bitcoin could reach 200,000, and saying that altcoins have dropped enough to start "picking up trash", while also optimistic about improvements in fiat liquidity. However, on-chain data doesn’t lie; at the same time he is being bullish, his wallet is transferring large amounts of ETH to various exchanges and market makers.
What does this mean? This is a classic case of "feinting to the east while attacking the west". He tells you verbally, "I want to switch from ETH to quality DeFi", but his actual actions are converting ETH into USD stablecoins. For instance, he bought ENA with 1 million USD within 7 hours. This is not merely switching from "one risky asset" to "another risky asset"; it is increasing cash proportion in preparation for potential volatility.
In the short term, ETH is definitely under pressure. His large transfers to exchanges indicate potential selling pressure. Moreover, liquidity tends to be poor at the end of the year, and even a slight wind can trigger significant fluctuations.
What should players do?
Check positions: Don’t sleep on leverage.
Save bullets: If the market truly turns, you need to have USDT on hand to buy.
Pay attention to real flows: The ENA and other assets he buys represent a specific direction of "high-quality DeFi", which is more worthwhile to study than vague concepts.
There are always opportunities in the market; the key is to operate calmly. The lord will continue to help everyone keep an eye on on-chain dynamics and move steadily forward together! Participate in every attack of the lord's villagers! The lord will announce specific entry times and real-time news in the village every day! 聊天室
