A drop of over ten thousand points in a week, who is behind the dumping? You absolutely can't guess!
Bitcoin plummeted to new lows, Ethereum also fell sharply, and altcoins are in a state of carnage. In this wave of bloodshed, Bitcoin alone dropped more than ten thousand points in just one week! Who is really behind this?
Some say it's institutions harvesting retail investors, but the truth is far more shocking.
On-chain data shows that the big player (the US government) absorbed 225 million USDT! Yes, those who constantly shout for 'regulation' in the crypto space are secretly hoarding crypto ammunition. This operation is so slick, it’s almost like the state machinery is personally stepping in to grab chips!
Did you think this was just seizing illicit assets? Don't be naive! Such a large amount of USDT, once dumped into the market, could cause USDT to lose its peg, and the entire crypto market's liquidity could collapse in an instant!
The current market is no longer a game of 'retail vs institutions', but rather 'private capital vs state capital'. The rules of the game have completely changed!
What's even more terrifying is the tense situation in the Middle East, the risk of blockade in the Strait of Hormuz, oil prices ready to soar at any moment, and global risk assets are fleeing, making the crypto space the preferred sacrificial pawn.
At this critical juncture, Tether also issued an additional 2 billion USDT on the Tron network, causing the market to explode, the fear index dropped to 42, and sentiment slid from 'neutral' straight into the 'fear' zone.
How do we play now?
We play, of course, but we must change our mindset.
It's not about striking it rich, but about survival; it's not about reaching for the stars, but about holding the bottom line.
Remember, the true bottom is never something that technical analysis can tell you, but rather the moment when others don’t even dare to open the exchange!
