Crypto-爱币斯坦
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It is not hard to see from the data that institutions have been offloading BTC and ETH, especially ETH. The Bitcoin ETF went through a price of 49,000 at that time, and Grayscale crashed it down to 38,500, which later rose to 109,000. It's very normal for Bitcoin to be offloaded, after all, there were profits taken earlier.
When ETH went through the ETF, the price was around 3,000, rising near 4,000. The entry price for institutions must have been above 3,000. Now that 3,000 has broken, and 2,000 has also broken, it fell to around 1,750, and institutions are still offloading, which is clearly a case of cutting losses. They probably realize that certain crises are about to come.
Overall analysis shows that:
1. The destruction mechanism of ETH is causing inflation,
2. ETH can switch from PoW to PoS, which can be controlled artificially.
3. The bloodsucking of ETH's second layer is the most fatal, completely ignoring the price and throwing it out forcefully.
4. Ancient whales have also started offloading.
ETH keeps upgrading itself and continuously produces second layers to solve its own problems, which inherently leads to conflicts. I am not very proficient in technology, but logically speaking, this is contradictory.
All of this is a reversible existence. It is currently impossible to predict where ETH will drop to. From a value retrospective, a market cap of 100 billion is more in line with the actual value of the ETH project, so falling to a price range of 1,300-1,500 is relatively reasonable.
When ETH went through the ETF, the price was around 3,000, rising near 4,000. The entry price for institutions must have been above 3,000. Now that 3,000 has broken, and 2,000 has also broken, it fell to around 1,750, and institutions are still offloading, which is clearly a case of cutting losses. They probably realize that certain crises are about to come.
Overall analysis shows that:
1. The destruction mechanism of ETH is causing inflation,
2. ETH can switch from PoW to PoS, which can be controlled artificially.
3. The bloodsucking of ETH's second layer is the most fatal, completely ignoring the price and throwing it out forcefully.
4. Ancient whales have also started offloading.
ETH keeps upgrading itself and continuously produces second layers to solve its own problems, which inherently leads to conflicts. I am not very proficient in technology, but logically speaking, this is contradictory.
All of this is a reversible existence. It is currently impossible to predict where ETH will drop to. From a value retrospective, a market cap of 100 billion is more in line with the actual value of the ETH project, so falling to a price range of 1,300-1,500 is relatively reasonable.
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