In early trading, ETH fluctuated narrowly between 2486-2490, seemingly calm. Until the on-chain alarm sounded: Jump Trading deposited 10,000 ETH (worth 24.87 million USDT) to Binance, colliding with BlackRock's spot ETF sudden net redemption of $9.82 million (data source: BitMEX Research), and the market instantly staged a high dive.

(📉 Market data reveals itself)
From the real-time K-line view:

  • The main force crashed the market with a lowest spike of 2470.3 (precisely piercing the psychological level of 2470)

  • The latest transaction price is stuck at 2486.76, suffocating under the pressure of a 380 ETH sell wall near 2486.80

  • Large trade volume suddenly dropped by 10.04%, indicating that after panic selling, the market has fallen into a wait-and-see mode

Current three major key contradictions:
⚡️ The MACD histogram has been below the zero axis for 6 consecutive hours, with bearish momentum not diminishing
⚡️ Grayscale ETHE negative premium has expanded to -1.9% (latest data from YCharts), traditional capital is still retreating
⚡️ Three market buy orders over 500 ETH appeared near 2470, forming a long-short meat grinder

History may rhyme but never simply replicate:
Last October, a16z's token transfer triggered a flash crash, but at that time MACD was on the brink of a golden cross (currently the death cross has not closed), and the options market is now fraught with hidden dangers:
▶ Open interest surged by 18% concentrated at the 2500 strike price (Deribit data)
▶ Countdown to the Federal Reserve's hawkish remarks (tonight at 20:30)

End-of-day life and death door prediction:

When the 2470 defense line was tested three times yet remained unbroken, and when Jump Trading's selling pressure encountered whale dark pool accumulation, tonight's focus is on two nuclear buttons—
① Will the 2486.80 sell wall be consumed by lightning? (Does the main force really want to counterattack?)
② Will BlackRock's capital flow trigger a 'negative premium spiral'? (Countdown to the repeat of the grayscale script)

2860 is not the end but the starting point! The purple trend line hides three major exchange replenishment gaps! Follow the tycoon, eat meat without drinking soup! Pay attention to 'Tycoon Trend', the bull market won't wait, getting rich relies on action, not fantasy! Get moving now!