Attention, my people! 🚨 The crypto world is moving strongly and Ethereum, the second largest currency, just took a slip that left many with their hearts in their hands. Suddenly, its price plummeted from those nearly $4,800 it had touched, to fall below $4,200. But don't be scared, because not everything is as it seems. Here’s the breakdown of what’s really happening behind the scenes.
The first reason is one we already know: institutional whales 🐋. These market sharks, who handle millions, are selling their shares. We saw it with the Ethereum ETFs (investment funds), which have had days of massive outflows. On August 14, for example, more than $639 million left, and on August 18, another $196 million.Imagine the number of big players pulling out their money. This creates selling pressure that inevitably drives the price down. It's like if everyone who controls football teams sold their best players at the same time. The team weakens!
And as if that weren’t enough, an actor known for making these kinds of moves appeared: Longling Capital. This institution sold 5,000 ETH all at once, which gave them a profit of $21.56 million. Just as you hear it! 🤑 And it’s not the first time they’ve done this. They have a history of buying when no one wants and selling when the price is sky-high. It’s a reminder that in this game, the big players always have the advantage.
But what do the experts say? 🤓 Several analysts like Lau and Michaël van de Poppe are seeing this drop not as a disaster, but as a buying zone. Yes, an opportunity! They believe that if the price drops to $3,900, it would be the perfect time to accumulate Ethereum before it rises again and breaks the $4,800 barrier to go for new records.
In summary, the drop in Ethereum is not a system failure, but the result of strategic moves by the big players. While they take profits and readjust their portfolios, volatility increases and creates an opportunity for those who are paying attention.
Do you think this drop is the beginning of something worse, or one of those opportunities that come every so often for those who know how to wait? 🤔 Time will tell, but what is certain is that the crypto market never ceases to surprise us with its unexpected turns.$ETH