ETH chip distribution: resistance to upward movement or heavy pressure

[Suspected Wintermute Wallet Accumulates $5.2 Million in SYRUP Tokens Within Two Weeks] According to Arkham monitoring data, a wallet suspected to belong to Wintermute has withdrawn and transferred $5.2 million worth of SYRUP tokens from multiple exchanges over the past two weeks. As of now, the wallet holds $6.1 million worth of SYRUP tokens, approximately 20.397 million tokens.

[Musk Slams €120 Million EU Fine and Calls for Abolishing the EU] Musk expressed strong dissatisfaction with the €120 million fine imposed by the EU on the social media platform X, calling the EU's decision absurd in a post on X, even noting that he was personally fined. He stated that he would respond to the relevant senior EU officials and called for the abolition of the EU. The U.S. government condemned the EU's fine, claiming it specifically targets American companies. U.S. President Trump warned that if the EU continues to penalize American tech companies, the U.S. will impose additional tariffs on the EU.

[New Wallet Deposits 3 Million USDC into Hyperliquid to Open Leveraged Long Position] According to Onchain Lens monitoring, a newly created wallet deposited 3 million USDC into Hyperliquid to open a 10x leveraged long position on HYPE.

[US SEC to Host Cryptocurrency and Privacy Roundtable, May Evaluate Regulatory Weight] The U.S. Securities and Exchange Commission (SEC) will hold a roundtable on cryptocurrency, financial surveillance, and privacy on December 15, with participants including Zcash founder Zooko Wilcox from the cryptocurrency privacy project. Analysts suggest that the SEC may evaluate the regulatory weight of cryptocurrency privacy projects in its rule-making process during the meeting. If zero-knowledge proofs are deemed compliant, they may be incorporated into relevant regulations; however, if the meeting divides into two camps—'privacy rights' versus 'privacy enabling crime'—the SEC may continue to adopt a surveillance-focused framework, potentially triggering legal challenges from privacy advocates.

In the past 12 hours, the large transaction indicator shows that the main force has sold a total of $5.89 million without any buying actions, indicating a clear bearish intention. Especially after 20:00 last night, there were three consecutive large market sell orders exceeding one million US dollars, with the largest order reaching as high as $3.56 million, directly suppressing the price below $89000. Combined with the K-line pattern, a dual bearish signal of black three soldiers and top split appeared in the 16:00 cycle, further verifying the bearish direction of the main force. The current price is below the EMA24 and EMA52 moving averages, with medium to long-term trends under pressure, and trading volume continues to shrink, resulting in weak market buying. The large transaction indicator captures the main behavior in advance, helping you accurately predict the turning point of the market. Open a membership, grasp the main trends, and quickly lay out! The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.