When a whale rolls over, little shrimp shouldn’t be quick to jump ship! 1.55 million dollars in profit, in the vast ocean of ETH, isn’t even a noticeable wave!
Brothers, I am the Great Sage! I came across a piece of news today that probably made many people nervous: a certain mysterious whale dumped 2935 ETH in one go, pocketing 1.55 million dollars in profit! Wow, that number sounds quite intimidating, right? Does it feel like the sky is falling? Is ETH about to crash? Don’t rush, let the Great Sage peel back the surface and take a look at what’s really going on!
1. This amount is not even enough to squeeze between your teeth!
Let’s do some simple math: based on the current price of ETH at 2452 dollars (just rounding nicely), these 2935 ETH are worth about 720,000 dollars. Sounds like a lot? But do you know how much trading volume can be done in just one day on Binance for the ETH/USDT trading pair? It easily exceeds 2 billion dollars! The whale's 10 million dollars wouldn’t even make a 0.5% splash; the order book depth of the exchange can absorb it in no time, and slippage would be minimal. To put it simply, it’s like throwing a small stone into the ocean and expecting it to cause a tsunami? That’s wishful thinking!
2. Taking profits ≠ running away, don’t be led by clickbait!
1.55 million dollars in profit, sounds great, right? But if you calculate the return rate, it’s only about 13%. What does that mean in the crypto world? Just a normal profit-taking operation! It's completely different from those panic sell-offs and losses. Whales are also people or institutions; they make money, cash out a bit, improve their meals, buy a new yacht, and that’s perfectly normal. On-chain data shows clearly what more whales have been doing recently? They are crazily increasing positions or locking ETH into ETH 2.0 staking to earn interest! The total staked amount has surpassed 40 million coins; this is the big trend!
The Great Sage's personal experience: In October 2021, there was also similar news about a whale dumping 5000 ETH! At that time, many were shouting 'the wolf is coming.' What did I do? I increased my position around 3800! Why? Because I saw the on-chain data, the big trend was not broken, and more whales were hoarding. What was the result? In less than two weeks, ETH surged above 4200+. This time, 2935 is even less than last time, why panic?
3. Where is the real 'Achilles' heel' of ETH?
Brothers, don’t just focus on these trivial on-chain transfers. Whether ETH can rise depends on three key factors:
Is big brother BTC leading the way? The inflow and outflow of BTC ETF funds are the real indicators.
Will old Powell of the Federal Reserve release more money? Only when the world is flooding with money can the crypto market rise.
Is ETH itself striving? The good news is, it really is! The TVL locked in Layer 2 has reached a historical high of 38 billion dollars! After the Dencun upgrade, gas fees (transaction fees) have been directly reduced by 90%! With this improvement in user experience, how can users and funds not flock in? That’s the hard truth!
The Great Sage suggests:
Stay calm and hold! This little selling pressure is just a drizzle. Hold your core position steady.
Keep a close eye on key levels! Focus on whether the ETH/BTC exchange rate can stabilize above 0.06. If this barrier is effectively broken, ETH is likely to start an independent uptrend against BTC, which would be a significant profit!
Whenever there’s a drop (especially a deep drop), it’s an opportunity! If the market panics and mistakenly drives the ETH price down due to such small news or other nonsense (like quickly crashing to 3800 or even lower), I will not hesitate to gradually increase my position! The target is those Layer 2 tokens with good staking rewards and strong ecosystems, or ETH itself. Stop-loss? Set it below 3750, discipline is key!
So, the big whale takes a small sip, and we little investors should eat and drink! Rather than being scared by such small fluctuations and selling off, why not open your exchange and see that ETH/BTC line! Do you think this barrier can be crossed this time? Shout your opinions in the comments! If it really breaks, the Great Sage will hold a lottery celebration in the live stream! Additionally, do you think this wave of 'false bad news' will create a golden buying opportunity? Are those looking to buy the dip ready? Follow the Great Sage, and in the next episode, I'll take you deep into the addresses of the 'smart money' that is secretly accumulating!$ETH #加密市场回调
If you don't know how to differentiate whether the news indicates a rise or fall, you can follow the Great Sage, who will guide you step by step. Check the introduction.
