๐ฅ Selling 10,000โฏETH isnโt a panic dump; itโs a calculated supply tweak that savvy investors should read like a market signal.
๐ The Ethereum Foundation just transferred another 10KโฏETH to BitMine amid todayโs #Ethereum price slide to $2,565 (โ5.82% 24h) and an onโchain RSI of 24.6, while the #Treasury move fuels fresh debate over unstaking and grant funding.
๐ก In a bearโphase where the MACD has crossed down and Bitcoinโs market sentiment sits at Greedโฏ71, such treasury outflows often precede a supplyโdriven reset that fuels the next accumulation wave โ a pattern weโve seen every midโcycle correction #SupplyDynamics #BullCycle.
๐ With ETH futures open interest at $6.27โฏB, funding at โ0.0059% (shorts paying) and a longโshort ratio of 3.34, the smartโmoney lens shows long bias; consider scaling in modestly on dips while monitoring onโchain wallet activity for further Treasury moves.
โ How are you adjusting your ETH exposure now that the Foundation is again offโloading 10K, and do you see this as a buying opportunity or a warning sign?
๐ The Ethereum Foundation just transferred another 10KโฏETH to BitMine amid todayโs #Ethereum price slide to $2,565 (โ5.82% 24h) and an onโchain RSI of 24.6, while the #Treasury move fuels fresh debate over unstaking and grant funding.
๐ก In a bearโphase where the MACD has crossed down and Bitcoinโs market sentiment sits at Greedโฏ71, such treasury outflows often precede a supplyโdriven reset that fuels the next accumulation wave โ a pattern weโve seen every midโcycle correction #SupplyDynamics #BullCycle.
๐ With ETH futures open interest at $6.27โฏB, funding at โ0.0059% (shorts paying) and a longโshort ratio of 3.34, the smartโmoney lens shows long bias; consider scaling in modestly on dips while monitoring onโchain wallet activity for further Treasury moves.
โ How are you adjusting your ETH exposure now that the Foundation is again offโloading 10K, and do you see this as a buying opportunity or a warning sign?