The false breakthrough played by capital, revealing the truth behind the ETH market!
Brothers, last night's short position of ETH at 4955 made fans extremely happy.
Behind this wave of operations lies the precise layout of capital. Come, let me show you some major data to expose what is truly a “false breakthrough”!
1. The “Grayscale Incident” on August 22
This surge was driven by Grayscale Capital and BlackRock. You see, the ETF opened at 21:30 in the evening, and a few minutes later, there was a straight surge, just like an open secret. Large institutions deliberately pushed this, taking advantage of it to raise prices, which is clearly a manipulation behavior.
2. Institutional Bulk Buying Cost Analysis
The fund increase by BlackRock on the 22nd was actually only half of the 21st, which is clearly a bottom-fishing surge aimed specifically at short sellers. The shorts being liquidated led to a price increase, triggering a new round of liquidations, and prices kept rising. The market seems to be booming, but in reality, institutional costs are not high; they are not buying at high prices, just pushing up the prices.
3. Abnormal Trading Volume on August 24
Yesterday’s trading volume was abnormal, especially before the U.S. market opened; the daily trading volume of ETH was only 600M. This is an extreme contraction in volume, and there was almost no spot trading in the Asian market. Is it hoarding or a lack of buying interest? The answer is very clear. From the market perspective, when prices rise, it shows hoarding, while when prices decline, it reveals weak buying interest.
4. The Last Counterattack of the Stragglers
Shorts shouldn’t be too happy; the real battle in the market will start tonight. At 21:30 on the 25th, whether the profit-taking related to the ETF will be strong or aggressive, we can only confirm tonight. Investing is not about being a great prophet, but about quickly responding to market changes.
In contract trading, the key is to follow the market trend or place orders at key points. This is not just a skill; it’s a keen insight into the market.
Tonight's market trend will determine the direction in the short term. Be prepared, respond quickly, and that is the way to victory!
Walking alone can be lonely; every time you are greedy and unwilling to lose, the losses become greater.
Choice is greater than effort; if the direction is wrong, effort is in vain. Align with the right people and do the right things, and you will earn more than you think!!!
