《Are you panicking about 2,559 ETH being dumped? Wake up! This is just the spare change account of a whale》
1. Don't be intimidated by the term 'whale'!
This big shot has a total net worth of 1 billion dollars, and the ETH he dumped is only worth 8.9 million (less than 1%), losing 100,000 dollars feels to him like dropping 10 dollars on the ground, it doesn't hurt at all.
He hasn't sold a single BTC (still holding 18,500 BTC), which shows he hasn't fled at all!
2. Why sell even at a loss?
Either it's a portfolio adjustment: moving money to trade something else (like his heavy investment in BTC)
Or it's to scare people: intentionally letting on-chain monitoring bots report, causing retail investors to panic and sell, making it easier for him to buy back at a low price (an old trick)
3. What does it mean for you?
In the short term, it might create a small dip: but an 8.9 million sell order is just a drop in the bucket for exchanges (0.3% of the 24-hour trading volume), it won't create big waves.
Instead, it might be an opportunity: historically, after a whale lightly cuts losses, ETH averages a rebound of over 20% within a month (refer to the case in January this year).
4. What should you do?
Your current state Action recommendation Plain language explanation
Holding ETH Hold steady and don’t move! A big shot dumping some spare change doesn't affect the overall trend; he wants to buy the dip.
Place a buy order around $3,300 Wait for panic-selling retail investors to offer a bargain Good deal
Feeling anxious and want to run Ask yourself: Is ETH still deflationary?
Are upgrades still ongoing?
If both are true, why run? Don’t be fooled by smoke screens.
In summary:
“A big shot tossing a cigarette butt, do you think it’s a fire scene? A drop is just a red envelope; keep an eye on BTC and ETH deflation data, don’t fumble around!”
I am Afeng, the wind of the storm coming, tap the profile picture to follow me, and I will guide you through the entire bull market.