The collapse of Ethereum "has begun"
After the R&D team's loot-sharing meeting, there was no big move as of yesterday, but today a large number of unknown IDs continued to transfer spot goods. For the first time, we saw the "spot accumulation phenomenon". From September to today, a large amount of Ethereum spot has been stored in the secondary market.
This wave of Ethereum will completely collapse during the Bitcoin callback. The main reasons are as follows:
1. Retail investors hold too many long positions, and if there is no collapse, they will wash more and more.
2. The greed of leeks for the current market has not stopped. A large number of new users registered after Bitcoin reached a new high. At present, after new users enter the market, because the threshold of Bitcoin is high and the space is small, 27% of the funds flow into Ethereum long orders. This is a terrible data.
3. Most people believe that Ethereum will make up for the rise and is currently accumulating power, so the average long position has been increasing.