The total amount of ETH held by large whales with 100,000 to 1,000,000 is very high, and they have not sold off on a large scale.
The current drop is due to retail investors selling and ETF outflows.
Crypto-爱币斯坦
--
ETFs are being liquidated, both Ethereum and Bitcoin are being sold off.
If the selling momentum does not weaken, the rebound will not be strong.
Don't American retail investors and institutions know that there is a high probability of a Fed rate cut in September? Is the expectation of a rate cut good news that should drive prices up? Predictions show over 90% probability of a rate cut!
Or are they deliberately driving the market down to scare everyone out, so they can buy the dip?! If it drops to 112-113 or even further to 100, buying Bitcoin at those levels would mean it could soar to 150-200k!
Or do they know that the Fed won't cut rates in September and are retreating early to avoid a drop if there is no rate cut, running away first in August?!
It would be best if the Fed meeting on Friday comes out hawkish and directly states that there is no expectation of a rate cut in September; that would be straightforward, rather than leaving everyone guessing.
Waiting for the meeting on Friday will basically allow us to gauge the Fed's direction. The data suggests no rate cut, but political and public pressure may force a cut.
If the selling momentum does not weaken, the rebound will not be strong.
Don't American retail investors and institutions know that there is a high probability of a Fed rate cut in September? Is the expectation of a rate cut good news that should drive prices up? Predictions show over 90% probability of a rate cut!
Or are they deliberately driving the market down to scare everyone out, so they can buy the dip?! If it drops to 112-113 or even further to 100, buying Bitcoin at those levels would mean it could soar to 150-200k!
Or do they know that the Fed won't cut rates in September and are retreating early to avoid a drop if there is no rate cut, running away first in August?!
It would be best if the Fed meeting on Friday comes out hawkish and directly states that there is no expectation of a rate cut in September; that would be straightforward, rather than leaving everyone guessing.
Waiting for the meeting on Friday will basically allow us to gauge the Fed's direction. The data suggests no rate cut, but political and public pressure may force a cut.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
4,611.07
-3.90%
