I am Qiongqi, the one true god in the cryptocurrency circle. Want to know the truth behind this morning's ETH wave?
00000000 Crash Trio：
1. Regulatory Hammer Correction
Tornado developer ruling: Sentencing increased for intentionally assisting hackers. Chain reaction leads to Coinbase delisting ZEC ahead of schedule to tomorrow, Aztec announces closure of deposit channels.
2. Whale Precision Strike
Key correction: The sleeping address 0x37d…c4b actually sold 38,500 ETH, worth 118 million. On-chain shows it **was instantly consumed at Bitstamp with a 3,100 order, which was the last bullet that broke the defense line!
3. Institutional Defection Evidence
BlackRock IBEH saw a net outflow of 470 million in a single day, with assets under management shrinking by 9%. More deadly is that Grayscale ETHE showed a $9.5 million premium recovery—indicating that retail investors have stepped in!
🩸 Brutal Dissection of the Market
Technical Aspect: The 2,950 buy orders actually amounted to 165 million, and after the market maker withdrew orders, the lowest dip was 2,931. Chain Reaction: The ETH/BTC exchange rate actually dropped by 1.2%, exacerbating the liquidity crisis in altcoins. Derivatives Movement: BitMEX open interest increased by 31%, with a 400% surge in 3,000 put options on Deribit.
Qiongqi's personal insight: This morning's ETH decapitation led to a network-wide liquidation of 380 million, but old retail investors understand that when panic orders surge, the truth often lies on-chain!
Don't wait until the contract liquidation to remember me! Follow @Qiongqi, I'll help you escape the peak 3 seconds in advance next time! Qiongqi's scythe is faster than the market makers! Follow me, and I will teach you how to counter the market! $ETH
