📉 The correction in the crypto market unexpectedly divided investors into two camps:

❌ Camp #1 — Profit takers

They are selling ETH to 'get out in time' before the price drops even further.

👉 Among the sellers:

• ETF issuers — BlackRock, Fidelity, Grayscale (according to Arkham, there were no purchases under funds on August 19);

• Several whales — three investors 'dumped' nearly $150 million in ETH (Lookonchain);

• Even Binance, according to analyst Ted Pillous, began selling ETH to drive down the price and profit from subsequent buybacks (a classic scheme — 'dumped → triggered liquidations → bought back').

✅ Camp #2 — Discount hunters

They are confident that the current sell-off is the perfect opportunity to buy before the new bull run.

👉 Among the buyers:

• Three major investors who bought ETH for $470 million (Arkham);

• Bitmine — another $220 million in purchases;

• Trader James Wynn opened a long (yes, the same one — the market often goes against his predictions 😂).

📊 The Capriole Invest metric shows that the level of demand remains high — 73/100, even despite the decline.

The rate has already dropped 20% from the local peak, which increases interest from optimists (predictions for ETH to $6,000 by the end of the year are still on the table).