Giant whales flee, ETH short-selling storm escalates!
In 12 hours, 24,000 AAVE were sold off, worth 5.51 million dollars went to zero; 1,533 ETH were liquidated for WBTC, with giant whales making a profit of 30,000.
The crypto market is experiencing a wave of “defections”, and the ETH short-selling storm is fierce. Evidence of giant whales selling off AAVE leading to its collapse, the faith in DeFi crumbles as two whales “accurately escape the top”, with “0x1f4A” accumulating 15,646 AAVE (3.45 million dollars), and “0x8d8B” selling 9,290 AAVE (2.056 million dollars), dragging down DeFi leaders, reflecting a loss of confidence in “ETH-based DeFi”.
ETH exchanged for BTC, funds are fleeing entirely as the giant whale “0xf6d…b0A46” liquidated 1,533 ETH (about 3.42 million dollars) for 33.8 WBTC, making a profit of 30,000.
This is capital voting with their feet, bearish on ETH, increasing its selling pressure. BNSOL staking, unable to reverse the overall decline. BNSOL staking went live, failing to create waves in the SOL ecosystem, powerless against the selling pressure of ETH and AAVE, “local good news” may become a tool for short sellers to lure in buyers.
Technical and news resonance, the bearish trend has formed technically; the middle band of the Bollinger Bands is under pressure, the price is trapped at the lower band; MACD death cross continues, with weak rebounds. In terms of news, the whale sell-off undermines confidence, and capital flight intensifies selling pressure.
The rebound at 2250 is merely a bait for short sellers. Following the trend to short, the hunting moment has arrived. This is definitely not the time to buy the dip; one should follow the giant whales to short: rebound to the 2250 - 2260 range, K-line closes in red and open a short position; stop loss above 2280; target 2150, increase positions on a break below 2111, with a risk-reward ratio exceeding 1:5.
Giant whales are well versed in escaping the top! Want to master the movements of giant whales? Follow me and reply in the comments to get on board, capturing the signals of a crash in advance!
