The rhythm of the cryptocurrency market often occurs when the market is in the most panic, which is precisely when smart money quietly lays out its plans.
As of now, $ETH has dropped to 4224.1, with a 24-hour decline of 3.15%. At first glance, the situation seems tense, but digging deeper into the data reveals more opportunities. The number of ETH exiting the staking queue has soared to 873,682, with the waiting time extending to over 12 days, indicating that short-term liquidity in the market has been amplified, with selling pressure concentrated for release.
However, at the same time, Lido's market share is declining, and new players like Figment are quickly absorbing staking, suggesting that the market structure is transitioning from singularity to diversification, which is more beneficial for long-term ecological health.
On the technical side, the 4,300 level has become a critical support, with BlackRock's holdings forming a "hidden support" at the 4,365 level. Coupled with potential new inflows of stablecoins, this means that once ETH stabilizes above the 4,000 level, the market could welcome a rebound at any time.
Risk control remains important, especially after two unsuccessful attempts to breach the 4,500 level, resulting in a liquidation of long positions totaling $240 million, reminding us that leverage should be kept within 3 times. However, from another perspective, after major players wash out high-leverage positions, the price of ETH may actually become lighter.
The true bottom-fishing window often occurs after panic. For those who dare to remain calm amidst market noise, the opportunity for ETH may quietly be arriving.
Currently, one can focus on the ecosystem at #以太坊 and the strong tokens under #sol板块 , looking for opportunities to accumulate at low positions and bottom-fish. Waiting for the altcoin season to arrive at #山寨季何时到来？
