Talk about this round of atypical bull market

Recently, after ETH surged to a new high, it pulled back a bit today. The trading tactics are really rough; the upward movement is genuine, and the decline is also genuinely ignored. Those previous routines and indicators have completely failed in this market.

The chips are indeed concentrating in the hands of the big players. I looked at the news and some large holder addresses, and many old OGs, whales with very low early costs, are taking profits and selling out. The market is crazily changing hands.

This trading style is like this, and everyone is not quite adapted. I observed for quite a while and found that they repeatedly pump and dump, more for accumulating chips rather than rushing to push up the market. The amount of capital being traded is outrageously large, which gives them the confidence to play around freely.

In the future, ETH will also gradually shift from retail investors to national sovereign funds, large banks, BlackRock, and the pockets of tens of trillions of dollars in pension funds from Europe and the US. At that time, it will all be held by super diamond hands.

So now, when it falls, those traders start shouting to escape the peak, still using those old indicators, which is completely out of place, a typical large-scale retail investor.