$ETH Giant Whale Devours 2.7 Billion! August Bull-Bear Massacre Begins?
Brothers, Old Wang warns with a table corner! ETH daily chart trapped in a death triangle, three signal flares illuminate the slaughter scene:
1. Technical Aspects - Three Major Hurdles!
1. Price Aspect: Current price is $3627, with a guillotine moving average at $4000, MA5 hanging onto MA10, any rebound is a noose!
2. MACD Aspect: DIF has plunged below DEA, green bars: -68.9
3. Volume Suffocation Record: Actual volume is 3.382 million (monthly low), predicted volume is 8.767 million, energy accumulation has reached 2.6 times the nuclear equivalent.
2. Latest On-Chain Three Blade Flow!
1. 89,000 ETH dumped on Deribit options, simultaneously building a $120 million short fortress on BitMEX.
2. Whales are frantically accumulating: From July 9 to now, 11 new wallets have cumulatively bought 722,152 ETH, and in just the past 8 hours, 3 new addresses have increased their holdings by 73,821 ETH.
3. Exchange Reserves Depleted: ETH exchange balance has dropped to the second lowest in a year, despite a 57% price increase in July, selling pressure has been quickly absorbed, and spot liquidity is tightening.
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