🔥 Powell hasn't even opened his mouth yet, and institutions are already buying ETH like crazy! This panic is all a ploy to get you out!
Even before Fed Chairman Powell's Jackson Hole speech even began, the ETH market is on a rollercoaster ride—on one hand, the news of "910,000 ETH unstaked" has retail investors trembling, while on the other, institutions are secretly pocketing their holdings. This drama is hilarious!
First, let's talk about the "unstaked" thing. It's purely a deliberate attempt to create anxiety! With interest rates for borrowing money to trade crypto now soaring to 18%, almost usurious, who would still dare to borrow money to stake ETH? People aren't unstacking to sell; they're trying to "safeguard their position" out of fear of being liquidated due to high interest rates! The actual selling price is less than 30%, and the rest is sitting there. The market makers are just hoping you'll panic and sell at a low price so they can reap the bargain. They've been using this tactic for years, and yet you're still being fooled?
In contrast, institutional investors are being ruthless. While retail investors are selling their holdings, BMNR bought 370,000 ETH in a week, averaging 53,000 per day, like it's free. SBET also followed suit, buying 140,000 ETH, bringing the combined total to 510,000 in seven days! Are they stupid? Of course not! They're betting on Powell to announce a rate cut tonight!
Long-time fans know the pattern: When Powell mentions a rate cut, risk assets take off. Last year, ETH saw a 42% increase in three days after he announced it! Now, on the eve of a policy announcement, institutions are pouring money into the market, clearly bullish on the market. $4,400 is unstoppable.
The worst part of a bull market is panic selling and chasing highs. Right now is a classic market shakeout: market makers release negative news to scare you into selling, and institutions seize the opportunity to buy at the bottom. Once the news comes out at 10 PM tonight, the market might explode. Selling ETH now means handing over a bargain. When it reaches $4,400, you'll be left chasing highs!
Bottom line: The unwinding of pledges is a fake-out; institutions are bottom-fishing, and Powell is the key. Hold on tight to your holdings, and don't be the leeks that get scared off! Tonight's policy tailwind is likely to cause profits to explode!
