ETH suddenly sees a massive sell-off, what are the whales hiding behind their collective losses? 3 Ethereum whale addresses frantically sold 5,657 ETH in just 7 hours, with about $13.4 million worth of sell orders directly hitting the market, and critically, these are all losses! As seasoned players in the crypto market, today we must uncover the signals behind this wave of blood loss sell-off!
First, let's look at the brutal data: Address 0xb1c: Holding for half a year, cost $3,359.3, sold 1,440 ETH for $2,392 six hours ago, losing $1.392 million in one go! Address 0x4F1: Bought high at $2,422.89 thirteen hours ago, sold 2,716 ETH for $2,301 three hours ago, losing $330,000 in ten hours! Address 0xF89: Purchased at $2,529.95 on June 19, cleared 1,501 ETH for $2,392.75 seven hours ago, losing $206,000!
This operation reveals three major warning signals:
1. Short-term selling pressure warning: Large amounts of ETH concentrated sell-off directly impact market liquidity, and ETH's short-term price is likely to be under pressure, with subsequent volatility possibly intensifying!
2. Whale confidence collapse: Whether it's the long-term holder 0xb1c or the high-buyer 0x4F1, the collective sell-off indicates that large funds are extremely pessimistic about the current ETH trend, and 'smart money' is fleeing—small investors need to be cautious!
3. Emotional chain reaction: Once the panic from losses spreads, it is very likely to trigger retail investors to follow suit in selling off, exacerbating the downward trend and potentially collapsing the entire crypto market sentiment!
As an experienced investor, I must say something heartfelt: The crypto market has always been a 'counter-human' battlefield; whale sell-offs may be a desperate stop-loss, but ordinary investors should not be led by emotions! Right now, we should focus more on the market's ability to absorb the sell-off, the long-term fundamentals of ETH, such as the progress of the Cancun upgrade, and avoid blindly bottom-fishing or selling at a loss!
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