Crypto alarm bells ringing! On-chain data captures a shocking scene—mysterious whale crazily sells 1692 ETH in 8 hours, each cut piercing the market's heart! More bizarrely, 400 ETH were quickly converted to WBTC, the signal light is now red!
Complete record of whale withdrawals (knife-edge trajectory)
First Knife: Midnight lightning strike
00:47 Recharge 592 ETH to Binance, market price instantly breaks through the $2550 defense line
On-chain gas fees surge, Gas fees triple (suspected quick sell-off)
Second Knife: Stablecoin hedging
04:22 Exchanged 1292 ETH for DAI (about 3.29 million dollars)
All operations completed on decentralized exchanges, intent to evade monitoring is obvious
Ultimate Move: Switch to WBTC
07:15 All remaining funds go all-in on WBTC
Cross-chain operations flow smoothly, clearly premeditated!
Three warning signals have been lit up!
Signal 1: Whales collectively shift direction
Multiple large ETH holders reduced their holdings during the same period
Large Bitcoin on-chain transfers surged by 217%
Signal 2: Futures bulls trample
ETH perpetual contract funding rate plummets to -0.03% (bears begin to control the market)
$80 million worth of liquidation orders pile up at $2550 (a powder keg ready to explode)
Signal 3: Dark clouds on the news front
Federal Reserve hawkish 'only one rate cut this year' (high interest environment continues to suppress)
Vitalik issues a sudden warning 'L2 security loophole' (short-term bearish for the ecosystem)
Retail Investors' Emergency Response Strategy
Defense Frontline: $2540 (Average selling price of whales, critical moment for bulls)
Retreat Observation Point: If it falls below $2520 in 6 hours, beware of a cascading sell-off
Changeover Indicator: Keep a close eye on WBTC/ETH exchange rate (breaking 0.05 confirms capital migration)
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$ETH