Today, the entire network is buzzing with 'ETH crash warning' as unstaked ETH surged to 910,000, a new historical high! Many people were scared into cutting losses overnight, but don't panic just yet. Let's dig into who is really behind this.
Market manipulators are playing psychological warfare with 'information asymmetry'. These people are very cunning, specifically amplifying 'bearish' sentiments during retail panic—'unstaking = market crash' brainwashing is rampant. But yesterday, a few ETH strategic reserve companies in the U.S. quietly increased their holdings by 384,500 ETH (worth $1.653 billion), also breaking records, yet no one mentioned it! In short, they are creating panic to make you sell at a loss so they can buy in at a low price.
Take a look at companies like SharpLink and BitMine, which have been hoarding ETH like crazy, even issuing stocks to raise billions to continue buying. Their professional teams are willing to invest after thorough research, which indicates what? They are bullish in the medium to long term! Retail investors should pay closer attention to institutional wallet movements instead of blindly following.
Unstaking ≠ market crash! The current wave of unstaking is mainly due to on-chain lending rates soaring above 10%. Those who previously engaged in leveraged arbitrage can no longer bear the costs and have to reduce risks and withdraw their investments. However, most ETH have just moved to another place (such as compliant staking providers), with very little actually entering the market.
The ultimate variables to watch are the following two things:
1. Powell's speech: Is there a chance for a rate cut in September? Liquidity = rocket fuel for the crypto market.
2. Russia-Ukraine situation: If there is a sudden easing, risk assets could soar...
Summary: Running away now? That might play right into the hands of market manipulators. Institutions are bottom-fishing and positioning themselves macro-wise. If ETH truly crashes, they will definitely run faster than us!
Although the market carries risks, don't let the noise throw you off your rhythm!
