#机构疯抢以太坊
Recently, ETH suddenly surged by 30%, skyrocketing 3% in just 3 minutes, easily reaching 4200 USD, while Bitcoin remained stagnant. Many people excitedly shouted that a bull market had arrived, and a technological revolution had erupted, but the truth is far more complex than you think.
I have a friend who has been in the cryptocurrency space for many years and has witnessed too many instances of 'false prosperity.' He said that this wave of ETH's surge is not a bull market at all, and there is no substantial technological benefit; it is all just a capital manipulation strategy!
The two major tactics behind the manipulation:
Closed-loop harvesting by listed companies
Some large companies first raise funds in the US stock market, then announce they are 'aggressively buying ETH' to create momentum. When the price rises, they use the appreciated ETH to secure financing, continuing to buy—moving money from one hand to the other, leveraging hundreds of billions in market funds, resulting in retail investors being trapped.
Whale manipulation through low buy and high sell
Before the surge, mysterious large holders secretly hoarded over ten thousand ETH, with prices stuck around 36,600. When the price suddenly soared, it forced those shorting to cover, and after retail investors chased the high price, the large holders quietly sold off, leading to massive liquidations.
It is said that recently over 100,000 people across the network faced liquidations, suffering heavy losses; this is a true depiction of harvesting retail investors.
Why is this not a bull market, nor a technological benefit?
No new developments technically: DeFi has not exploded, Layer 2 has no new movements, and upgrade news is scarce.
Market dynamics lack correlation: Bitcoin did not rise, altcoins did not rotate, and there have been no substantial changes in Federal Reserve policy, which fundamentally cannot support 'ETH standing out alone.'
The logical dislocation is evident: a true bull market should be led by Bitcoin, but now ETH is flying solo, making the market abnormal.
