The atmosphere today is definitely not normal. The whales are all dumping the market today. The price was high yesterday and they had to sell it today. Let's look at Binance. First, the whale address starting with 0x444 came to sell its shares. In the past 2 hours, 11,550 ETH (about 37 million US dollars) was transferred to Binance. Since March 9, the whale address has completed 3 ETH transactions and lost 4.71 million US dollars (ROI: -4.2%).
Then another whale recharged 11,892 ETH to Binance in the past 5 hours, about 38.07 million US dollars, with a total value of 38.07 million US dollars. So far, all long funds in Compound have been sold, with a cumulative profit of about 400,000 US dollars. The principal is nearly 40 million, and 400,000 yuan has been earned. The profit rate of 1% is unparalleled. You give me 40 million, and I will make 500,000 yuan for you. Do you believe it?
Why are these whales not afraid of selling out? Why are you so sure that the Hong Kong crypto ETF will be launched tomorrow and will become the buyer of the US ETF? I would not believe this if there is no inside information.
And Sun Yuchen, who has been chasing the rise these days, buying more and more as the price goes up, and bought a huge amount of ETH. I wonder if he cut his losses today? Although I didn't see him dumping the market, he dumped the market with his mouth, saying that the United States is unlikely to approve the Ethereum spot ETF in May. He didn't say it earlier or later, but said it on the eve of the launch of the Hong Kong ETF tomorrow. What is his intention? He has a lot of Ethereum in his hands, and he doesn't want to sell it tomorrow when the price goes up, but he ran out to dump the market with his mouth. What kind of operation is this? He is not afraid of offending people, offending the country, or trapping himself. What is he trying to do?
So, it's very strange, everything today is very strange, maybe the answer will be tomorrow, the worst case scenario is that the Hong Kong ETF is launched, the reaction is flat, all the good news is bad news, and then the Americans come to stab again, saying that the US version of the Ethereum ETF will be postponed, saying that Ethereum is a security, and that there will be no interest rate cut in May, and then the United States' little brother Israel will throw a few more bombs, that's it, let's smash it, anyway, the bull market is not like a bull market, the bear market is not like a bear market, and it's also very annoying, it's better to smash it, maybe it can smash a direction.
In short, my policy is to stick to the end, to be a die-hard bull, smash it as much as you want, I won't get off!
