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Recently, there have been two thrilling fund games on the ETH chain, involving a total amount of 220 million US dollars: Xinzhuang Violent Fundraising: A new address within less than a month has withdrawn 80000 ETH (approximately $180 million) from Binance. This quick, accurate, and ruthless action is a typical signal for institutions to enter the market and establish long-term positions. Old whale cuts meat to repay loan: An old giant whale urgently withdrew 18000 ETH and then smashed 12000 ETH with a backhand. The sole purpose is to repay the Aave loan. Under the pressure of liquidation, high leverage has to break its arm to survive. Bottom layer dry goods: Who is buying? Who is selling Deleveraging vs Reverse Layout: Old Whale is not bearish, but is forced to retreat by DeFi security chain reactions in order to hedge risks; And the new institutional forces took advantage of the situation to take away the bloody chips in the 'confrontation belt'. Chip shuffling: Chips are flowing from an "indecisive leveraged market" to a "steadfast long-term spot market". This type of turnover is usually a key indicator of a solid market bottom. Liquidity Game: Billions of dollars entering and leaving Binance without triggering a unilateral collapse once again proves the deep advantage of top platforms in extreme volatility. Summary: Tracking the path of top tier funds is more important than tracking prices. When leveraged stocks retreat due to panic, the reverse fundraising of new forces is outlining a new wealth boundary. Risk Warning: The views, conclusions, and recommendations presented in this article are for reference only and do not constitute investment advice. The market is risky, and investment needs to be cautious.
