Is BTC ETH the same big player? I have studied the ETH main force for more than half a year, so I understand them quite well. That's why many people don't believe what I say, because they haven't researched or understood it.
On the 25th, the ETH main force just happened to sell at the tip of that needle. Meanwhile, BTC has been washing and adjusting for a long time, and after the ETH main force sold out, the price didn't jump (here I need to explain, many people questioned earlier, why didn’t the price drop when the main force ran away? Are you fooling children? The reason these big players like to manipulate BTC and ETH with large market caps is precisely because of good liquidity, allowing them to sell off at any time).
Later, BTC crashed, and then continued to drag ETH down with it. After the main force sold all their holdings, they blindly guessed high positions to short, and then smashed it to the bottom before starting to buy back. This was all pre-designed. After the ETH main force sold out, in order to profit from the short positions, ETH won't drop quickly in the short term. However, if BTC crashes quickly (do you think they smashed BTC?), it can drag ETH down, and then the shorts can profit smoothly, avoiding many risks and uncertainties.
If BTC does not drop quickly, the liquidity of ETH can support fluctuations for a few days without much decline. Since April, I know that ETH has been sold many times, and the market will not drop rapidly in the short term (refer to Figure 4).
The key is that the ETH main force not only occasionally sells at the highest point but almost always sells at the highest point. I have reason to believe that the team operating ETH also operates BTC; they are the same market maker. The above is all my subjective speculation, and I do not guarantee it is correct; it’s just a record of my own thoughts.
Someone in the comments said that the big player of BTC and ETH is the BlackRock team. This is indeed highly credible; many people know it.
After saying so much, what are the benefits? The biggest benefit is that if we monitor any main force of ETH or BTC escaping, we can basically choose to take some profit or even close the contract entirely to protect profits.
