老马炒币日记
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The Truth Behind ETH's Plunge: The 1.5 Billion Selling Pressure Monster Debuts Tonight, Can Your Long Positions Withstand It?
Today ETH has dropped again. Looking at that downward bearish candle on the K-line chart, many brothers in the luxury group are anxiously asking, 'Is it going to crash?' Old Ma wants to say honestly that this drop is not a big surprise; it feels more like a normal fluctuation during the market's turbulent period in September.
But there is one thing I must make clear — tonight, this behemoth WLFI is coming with 1.5 billion in selling pressure, and this is the 'monster' we should be most wary of right now.
Where does the selling pressure come from? Capital diversion is the main reason.
Why is WLFI called the 'selling pressure monster'? Just look at the data: the liquidity demand it brings is not a small amount. Many institutions and big players are quietly selling ETH to free up funds to grab WLFI's 'first taste' these past two days. Just this morning, 32,000 ETH was transferred to exchanges, which is about 1.5 billion RMB at current prices. Can this selling pressure be small?
But there is one thing I must make clear — tonight, this behemoth WLFI is coming with 1.5 billion in selling pressure, and this is the 'monster' we should be most wary of right now.
Where does the selling pressure come from? Capital diversion is the main reason.
Why is WLFI called the 'selling pressure monster'? Just look at the data: the liquidity demand it brings is not a small amount. Many institutions and big players are quietly selling ETH to free up funds to grab WLFI's 'first taste' these past two days. Just this morning, 32,000 ETH was transferred to exchanges, which is about 1.5 billion RMB at current prices. Can this selling pressure be small?
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