"$3.4 billion ETH forever locked black hole, $2.5 billion whale secretly accumulates, Wall Street's new war machine thunders in — the sideways movement of ETH is the silence before the storm!"

News explosion: Whales, institutions, permanently lost ETH, three fires burning through the market!

Eternal disappearance of the "deflation bomb"
BlockBeats confirms: 912,500 ETH worth nearly $3.4 billion permanently disappeared due to operational errors and code vulnerabilities (original data $3.43 billion/913,000), accounting for 0.76% of circulating supply. This is equivalent to a natural deflation mechanism suddenly operating at overdrive, long-term beneficial to the supply side.

Whale fleet sweeping purchases
23 institutions/big players crazily swept 682,000 ETH this month (original data 681,000), spending $2.575 billion (originally $2.57 billion), averaging over 30,000 per day! This is the most aggressive concentrated accumulation since the bear market in 2023.

Wall Street war machine enters the market
Blank check company Dynamix established "Ether Machine", planning to hold over $1.52 billion ETH (originally $1.5 billion), traditional capital is betting on the expansion of the crypto ecosystem with a new structure.

Short seller rebellion signal
Star trader Aguila cut positions with a realized loss of $8 million (originally over $8 million), facing a floating loss of $27.5 million (originally $27 million) while forcefully flipping to long, indicating that top players are reconstructing market logic.

Market dilemma: Longs and shorts are mutually cutting each other in this meat grinder at 3800!

Key range: 3782 (iron bottom) 3811/3826 (high pressure zone)

Volume signal: Current 1-hour level volume continues to shrink, MACD histogram sticks to the 0 axis, typical accumulation structure before a trend change

Long-short game: Sell orders piled up like mountains above 3811 (see order book), buy orders sparse but large hidden orders below 3780

Tycoon viewpoint:

In the short term, the triple positive factors are essentially "delayed effect catalysts":

Whales accumulating ≠ immediate price surge, instead requires shaking out positions to lower costs

The deflationary effect of permanently losing ETH needs weeks or even quarters to ferment

Wall Street institutions' deployment exists a policy and compliance buffer period

But the long-term trend has already set the stage:
Supply side: 0.76% permanent deflation + institutions continuously increasing holdings = liquidity tightening
Demand side: Traditional capital's new structure opens up fiat entry channels = incremental capital expectations
Key risks: Shift in macro interest rate policy, SEC's regulatory stance on new ETH entities

The current narrow volatility around 3800 is the 'ammunition loading zone' for whales, the 'cost control zone' for institutions, and the 'cognitive litmus test' for retail investors! Remember: however long the horizontal is, however high the vertical is — but the vertical direction depends on the outcome of the 3782 defense battle. When the Wall Street war machine breaks through the iron gates of traditional finance, do you hold a ticket? Or the fare?
#以太坊突破3700 #ETH
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