“In the crypto world, accounting is like magic - the main force writes 'retreat 980 million' in the left hand, but hides 364 million secret cards in the right hand!”

The bloody three harsh truths about funding:

The main force retreats with hidden tricks

• Real net outflow - 980 million USD (solid evidence in the top bar)

• Most deadly sell-off period:

▸ 13:00-15:45: outflow 2.006 billion

▸ 10:00-13:00: outflow 2.818 billion (the last straw that broke the camel's back for the bulls)

The only spark in the early morning: 04:00-07:00 net inflow 97 million USD

Record of retail investors

Net outflow 84.3 million USD

Capital distribution map slaps the face: retail investors account for 51.5% (37.7% + 13.8%) but continue to cut losses

Stunning miscalculation

Total net outflow is actually 1.065 billion

Main force combination accounts for 48.5% (34.4% + 14.1%) becoming the largest short

Old bull tears off three layers of masks (logic remains the same but is harder):

The bear market script is already written

The main force retreated continuously for 6 periods (only 2 periods had net inflow), today's net flow exceeds the peak before the June crash!

The 4228 defense line has virtually ceased to exist

In the afternoon, a 2 billion level sell-off breaks through all technical supports, a rebound must simultaneously meet:

Net inflow of main force in a single period > 500 million (reference yesterday's 16:00-19:00 net inflow of 285 million)

Retail investors stop selling (a net large order of 364 million is a false reversal signal)

Short sellers' liquidation exceeds 200 million (currently lacking short-squeeze fuel)

The trap of 364 million 'rescue money'

The net large order inflow at the bottom is actually to lure in buyers - when retail investors see the 'green orders' rushing in, the main force is frantically unloading after 21:00!

Subsequent key deductions:

Rebound probability drops below 10%!

Funding chain break: main force outflow continues beyond expectations (6 net outflows in 8 periods)

Technical death cross: hourly chart moving averages show a waterfall divergence

Psychological defense line collapses: retail investors follow the trend and sell, triggering a 'multi-kill' chain reaction

The only glimmer of hope is at dawn:

If a single transaction > 600 million by the main force appears again tomorrow morning (as in the 16:00-19:00 pattern in the chart), it may trigger a 'one-day tour' rebound, but remember: betting on rebounds in a bear market is like picking up chips in a fire!

“When you stare at the K-line fantasizing about a reversal, the dealer is counting the chips you are cutting! Tonight at 21:3, Old Bull will teach you how to dismantle the 'three books of funding magic' - see the main force's retreat roadmap, and in the next bull market, you take the lead!”

#ETH质押退出动态观察 #ETH走势分析 #Ethereum