$ETH
Brother Sun again unstaked 5000 ETH from Lido. Since August 26, he has already redeemed 10,000 coins. This move is indeed a bit too frequent. In the batch he sent over, assets worth $12.3 million went directly into Poloniex. Right now, on-chain addresses still hold 238,000 stETH. At this scale, the big player is consecutively draining liquidity at this point, yet the order book hasn’t even shown a one-sided collapse. Retail traders are still there every day shouting that it’s going back up. Do they really think the liquidity in the pool is an infinite money-printing machine?
Brother Sun again unstaked 5000 ETH from Lido. Since August 26, he has already redeemed 10,000 coins. This move is indeed a bit too frequent. In the batch he sent over, assets worth $12.3 million went directly into Poloniex. Right now, on-chain addresses still hold 238,000 stETH. At this scale, the big player is consecutively draining liquidity at this point, yet the order book hasn’t even shown a one-sided collapse. Retail traders are still there every day shouting that it’s going back up. Do they really think the liquidity in the pool is an infinite money-printing machine?
