SIREN's plummet of 70%: The whale cashed out 18 million USDT, and retail traders are still waiting for a bounce?
On-chain analyst Yu Jin has tracked that the SIREN whale began dumping around 10 AM today, selling approximately 118 million SIREN for 18 million USDT. In the past 2 hours, about 15 million USDT has already flowed into Bitget.
To translate: the market maker has cleared their inventory, and what retail traders are catching isn’t a flying knife, but a falling anvil.
Cashing out 18 million dollars and pushing 15 million into exchanges isn’t just taking profits; it’s a full wipeout. The 70% crash in SIREN is not an "adjustment"; it’s the project team hitting the nuclear button themselves. The whale has way more chips than you can imagine; they dumped 118 million coins, and you only saw a 70% drop, indicating that liquidity is as thin as paper.
For BTC and ETH, this small cap collapse has limited impact, but the signal is worth noting: the consensus of the Meme season is breaking down, and funds are likely flowing back from high-risk small caps into mainstream coins. BTC has stabilized around 64,000 today, up 0.5%, with funding rates near zero (0.00098%), indicating a balance between bulls and bears, without excessive leverage. ETH has also seen a slight uptick of 0.5%, standing at 1679, with extremely low volatility.
The calm of mainstream coins stands in stark contrast to the bloodbath in small caps—smart money has already returned.
$BTC daily sell point: $64340 daily buy point: $62777
$ETH daily sell point: $1687 daily buy point: $1648
#BTC #ETH
On-chain analyst Yu Jin has tracked that the SIREN whale began dumping around 10 AM today, selling approximately 118 million SIREN for 18 million USDT. In the past 2 hours, about 15 million USDT has already flowed into Bitget.
To translate: the market maker has cleared their inventory, and what retail traders are catching isn’t a flying knife, but a falling anvil.
Cashing out 18 million dollars and pushing 15 million into exchanges isn’t just taking profits; it’s a full wipeout. The 70% crash in SIREN is not an "adjustment"; it’s the project team hitting the nuclear button themselves. The whale has way more chips than you can imagine; they dumped 118 million coins, and you only saw a 70% drop, indicating that liquidity is as thin as paper.
For BTC and ETH, this small cap collapse has limited impact, but the signal is worth noting: the consensus of the Meme season is breaking down, and funds are likely flowing back from high-risk small caps into mainstream coins. BTC has stabilized around 64,000 today, up 0.5%, with funding rates near zero (0.00098%), indicating a balance between bulls and bears, without excessive leverage. ETH has also seen a slight uptick of 0.5%, standing at 1679, with extremely low volatility.
The calm of mainstream coins stands in stark contrast to the bloodbath in small caps—smart money has already returned.
$BTC daily sell point: $64340 daily buy point: $62777
$ETH daily sell point: $1687 daily buy point: $1648
#BTC #ETH