【Who is catching the knife under the 43.8% abyss?】
At the end of 2018, ETH got smashed from $1,400 down to $80. Back then, who said “buy the dip” would be mocked? The fear index was off the charts. So what happened? When the 2020 DeFi summer came, the most ruthless dip-buyers finally got what they were looking for—starting at ten times.
History never repeats itself exactly, but there’s one rule that never lies: when the gainers list turns into a losers list, and FOMO turns into FUD, the first to get washed out is who? Retail traders. And who catches the knife? Big players.
This round of ETH has retraced 43.8% from its peak. On the surface, sentiment indicators still sit in the greed zone, with a weekly average of 62. But look closely at the data: Bitmine just bought in $75 million worth of ETH, and Tom Lee is still saying institutions are under-allocated. What does this operation tell us? Some people believe the price has already fallen enough.
I’m watching support at 2559. If it holds, this rebound may not be over yet. But you’ve noticed, right? The market is actually a bit split right now—KOLs are calling trades while still talking in “greed.” Meanwhile, the truly smart money is secretly building positions. That’s the situation.
Honestly, I’m tempted too. But that knife from 2017 is still lodged there—I don’t dare go all in for real. Keeping some ammunition in reserve is never wrong. What if support really breaks?
So what’s your mindset right now? Are you willing to reach in during this move? Or keep watching from the sidelines?
At the end of 2018, ETH got smashed from $1,400 down to $80. Back then, who said “buy the dip” would be mocked? The fear index was off the charts. So what happened? When the 2020 DeFi summer came, the most ruthless dip-buyers finally got what they were looking for—starting at ten times.
History never repeats itself exactly, but there’s one rule that never lies: when the gainers list turns into a losers list, and FOMO turns into FUD, the first to get washed out is who? Retail traders. And who catches the knife? Big players.
This round of ETH has retraced 43.8% from its peak. On the surface, sentiment indicators still sit in the greed zone, with a weekly average of 62. But look closely at the data: Bitmine just bought in $75 million worth of ETH, and Tom Lee is still saying institutions are under-allocated. What does this operation tell us? Some people believe the price has already fallen enough.
I’m watching support at 2559. If it holds, this rebound may not be over yet. But you’ve noticed, right? The market is actually a bit split right now—KOLs are calling trades while still talking in “greed.” Meanwhile, the truly smart money is secretly building positions. That’s the situation.
Honestly, I’m tempted too. But that knife from 2017 is still lodged there—I don’t dare go all in for real. Keeping some ammunition in reserve is never wrong. What if support really breaks?
So what’s your mindset right now? Are you willing to reach in during this move? Or keep watching from the sidelines?