Ethereum is in peril! Over a hundred billion market value hangs by a thread, and the next moment could be a bloodbath!
On-chain data is alarming: a large portion of Ethereum's market value is surprisingly concentrated around the current price, making it fragile enough to cause panic! With a market value of about $123 billion, nearly 40% of token cost is within a 20% range around the current price—once the market experiences a slight correction, a large amount of ETH is likely to become 'junk', and massive losses are inevitable.
Although ETH has recently rebounded to around $2,700, and whales have been frantically buying, accumulating about 1 million tokens (worth $2.7 billion) in just a few weeks, this does not indicate strong confidence. The market value to profit and loss ratio tells us that ETH's 'profit potential' is extremely limited; with any slight disturbance, retail investors should be ready to get cut! In this market storm, who can hold on until the end?