Brothers, I am Mig.
I just saw a piece of news that gave me chills; a BTC OG whale dumped 100,000 ETH into Binance, nearly $300 million! This operation is clearly preparing to cash out and run.
News - This is not an ordinary transfer; it is a premeditated retreat.
The ancient whale address of BTC OG has deposited 100,000 ETH into Binance in one go, worth nearly $300 million.
This is definitely not a random operation, but a clear signal: large funds are cashing out at highs, choosing to act on Christmas Eve when liquidity is weaker, making it easier to trigger follow-up selling pressure. The news has a direct negative impact on short-term sentiment; don't easily interpret it as 'washing the盘'.
News summary: Whales choosing to exit at this time is definitely not a coincidence; this is also bad news for the current ETH. The current bearish trend may accelerate. If you are unclear about the specific timing, you can follow MiGe, who provides real-time reminders in the village for friends who have followed me. chat room
Technical analysis — The 4-hour chart has issued multiple danger signals.
Looking at the market again, the morning analysis and the current price fluctuation are similar, around 20 points, and the overall movement is still sideways. The dual white and yellow lines have long since broken below the zero line, and the volume continues to shrink; since this morning, the rebound hasn't even surpassed 2960. The upper range of 2980-3000 is a turning point; if it cannot break through, all rebounds are merely bait.
The support levels below are sequentially 2930 → 2900 → 2775, especially 2900. Once it breaks down with volume, it is very likely to slide toward the 2800–2775 area within the day. As for breaking 3100, 3180? Until a bullish reversal with volume appears, it is purely fantasy.
Technical summary: The structure has turned bearish; do not guess the bottom, wait for the bottom. Where exactly to enter, and where to set the stop loss for maximum safety? MiGe has already given reminders in the village; those who want to keep up can become MiGe villagers! chat room
Retail investor operation advice — Protect your principal.
If you are holding positions now:
If the rebound does not exceed 2980, be sure to reduce positions or exit.
If it breaks below 2900, do not blindly catch falling knives; wait until the area of 2775–2800 to consider phased layouts.
Those without positions wanting to act can only test with very small positions and must set stop losses.
Personal opinion — Why do I believe that the second bottom testing is not over yet?
In addition to news and technology, market sentiment is also cooling. Whales don't dump for no reason, which often means they are turning cautious about future expectations or urgently need liquidity. Coupled with the possibility of MACD forming a death cross below the zero line again, I believe ETH is likely to test the area below 2900, even probing the weekly support zone of 2800–2775. Without significant positive reversals, staying bearish is more prudent.
The harder the market, the clearer you need to see who is swimming naked. In the village, I not only share price points every day but also teach you how to identify whale movements and how to judge false breakouts. If you are tired of being swayed by news, buying just to see drops and selling just to see rises.
Follow MiGe, I will help you avoid 90% of the pitfalls, and let's wait for the rebound that truly belongs to us together. chat room
