$ETH 📈 I want to show you a paranoid's observation on the ETH/BTC pair 👀
In the order books, there's a clear order at 404.4987 sitting at the level of 0.03010.
This isn't just a 'block', it's a psychological and technical stronghold. It's a digital signature from a big player. 🐋
Such precision isn't a coincidence; it's the result of algorithmic work.
Usually, whales don't set round numbers, but here it clearly shows 'Error 404'.
It's hard not to notice the irony. In the IT world, 404 means Not Found.
There's no escape above. The block at 404 ETH on the ETH/BTC pair is a massive pressure point; for the price to move even one tick up, someone has to dump a few million bucks into the market right now just to buy this single order.
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#EthereumFoundation If we combine this with the news about unstaking $48.9 million, then the number 404.4986 might just be the first harbinger.
Big players set such blocks to manipulate the crowd buying on the news, closing their positions at a better price.
Why is this on display? Why?
To scare the small traders.
This is a pure psychological attack. They've tied the numbers in a way that those who can count understand: The game is over, the big player has entered the field.
#EthereumFoundationUnstakes $ETH $BTC