The exchange can turn the world upside down with just a click of the mouse

Binance was the first to sell 114,000 pieces of $ETH ETH, followed closely by Bybit, which dumped 28,000 pieces, causing a sudden plummet in price. However, OKX went against the trend to buy 5,600 pieces of $ETH ETH, with long positions liquidating $320 million. This crash was not an accident; it was a deliberate maneuver by the main players.
First, the timing of the sales by Binance and Bybit was highly synchronized, clearly aimed at creating panic. Secondly, the transaction fees on the blockchain surged to $35 before the crash, indicating that whales had already moved their assets in advance through abnormal fee signals, accurately targeting long positions. Finally, OKX's bottom-fishing actions directly revealed institutional intentions: to buy on the cheap amid panic and maintain a long-term bullish outlook.
News about tighter European regulations and delays in the U.S. ETF was deliberately exaggerated, serving as a smokescreen for the main players to clean out retail investors. Historical data shows that whenever the total liquidation across the network exceeds $300 million, the probability of ETH rebounding is over 70%. Now, smart money is frantically positioning itself: depositing ETH into Layer 2 networks like Starknet while also preparing for potential airdrops from projects like Linea and Base.
Whales withdrawing assets does not equal a bearish market! They are merely diversifying their assets into high-yield projects, earning interest while betting on the future. Retail investors should remember two points: run quickly when seeing blockchain transaction fees suddenly spike, and buy in batches after a crash, focusing on Layer 2 staking and airdrop projects. The market is always about big fish eating small fish. This crash was a pit dug by the main players for retail investors, but there is also gold hidden in the pit.
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