Cumberland quietly accumulates strongly $ETH – Clear accumulation signal
While the market is generally still in 'hibernation', Cumberland – one of the most productive Market Makers (MM) this season – is quietly taking strong actions around $ETH:
• 11 hours ago: Cumberland's wallet withdrew 15,200 ETH (~$42.9 million) from Binance. Notably, just 2 hours prior, this wallet had deposited $20 million into the exchange, indicating a high likelihood that this amount was used to accumulate the exact ETH that was just withdrawn.
• 24 hours prior: This wallet also took similar action – withdrawing 10,200 ETH (~$28.5 million) after previously depositing $30 million onto Binance 2 days ago.
• From the beginning of June to now: Cumberland has deposited a total of $160 million onto Binance and withdrawn 45,200 ETH (~$121.62 million).
Assessment
The continuous deposits of stablecoins and accumulation of $ETH, even when the price has not really broken out, shows strong accumulation signs from Cumberland. This is a positive signal for ETH in particular and the market in general, especially in the context of a market that still has many doubts and hesitations.
However, caution is also needed: With a flexible capital rotation strategy, MMs like Cumberland can quickly reverse course if the market does not move according to their expectations.
➡️ In summary: Cumberland's actions are a positive sign, but investors should still closely monitor market developments and the behavior of large institutions in the near future.
News: President Trump: The CPI just announced. The number is very good! The FED should fully lower interest rates by one percent. Doing so will significantly reduce the interest payable on upcoming maturing debts. Very important!!!
🚀 Bitcoin - Close to reaching an all-time high but no profit-taking activity
Bitcoin has recovered to the $110k - $109k range, approaching the all-time high, but there are no signs of profit-taking activity as seen at previous peaks.
Whales have no intention of taking profits at this price level and are likely waiting for higher prices when the market is too hot and a bubble forms.
Ultimately, it is highly likely that we will see Bitcoin surpass the all-time high before this cycle ends.
Cumberland quietly accumulates strongly $ETH – Clear accumulation signal
While the market is generally still in 'hibernation', Cumberland – one of the most productive Market Makers (MM) this season – is quietly taking strong actions around $ETH:
• 11 hours ago: Cumberland's wallet withdrew 15,200 ETH (~$42.9 million) from Binance. Notably, just 2 hours prior, this wallet had deposited $20 million into the exchange, indicating a high likelihood that this amount was used to accumulate the exact ETH that was just withdrawn.
• 24 hours prior: This wallet also took similar action – withdrawing 10,200 ETH (~$28.5 million) after previously depositing $30 million onto Binance 2 days ago.
• From the beginning of June to now: Cumberland has deposited a total of $160 million onto Binance and withdrawn 45,200 ETH (~$121.62 million).
Assessment
The continuous deposits of stablecoins and accumulation of $ETH, even when the price has not really broken out, shows strong accumulation signs from Cumberland. This is a positive signal for ETH in particular and the market in general, especially in the context of a market that still has many doubts and hesitations.
However, caution is also needed: With a flexible capital rotation strategy, MMs like Cumberland can quickly reverse course if the market does not move according to their expectations.
➡️ In summary: Cumberland's actions are a positive sign, but investors should still closely monitor market developments and the behavior of large institutions in the near future.
Today, the crypto market witnessed another 50% drop in an instant, this time it’s the turn of $HMSTR from the Ton system.
This is not the first time the Ton system has experienced a "rug pull"; in April, the token $CATI faced a similar incident, dropping 30% within just 2 H4 candles. Besides the Ton system, last April also saw $ACT drop over 70% in just 2 days.
Even during an uptrend cycle, investors are increasingly losing faith in Altcoins. Is it possible that investment funds and Market Makers are also trying to "offload" some of their holdings?