See, am I right? It's the institutions that are colluding to dump the market together. Why? Obviously, it's to welcome the Hong Kong Bitcoin and Ethereum spot ETFs that may be passed next Monday! Finally, dump the market to suck in a wave of bloody chips!
Let's take a look at the ugly faces of the dumpers!
4 whales/institutions sold more than 31,000 ETH during the market decline, about 106 million US dollars
According to Lookonchain monitoring on April 13, during the market decline, 4 whales/institutions sold 31,683 ETH (about 106 million US dollars).
Cumberland deposited 17,206 ETH ($57.3 million) to the exchange. Address 0xC3f8 deposited 7,976 ETH ($26.6 million) to Binance. Address 0x1717 deposited 4,000 ETH ($13.32 million) to the exchange. Alameda/FTX deposited 2,500 ETH ($8.33 million) to Binance.
According to Bloomberg: Hong Kong will approve Bitcoin and Ethereum spot ETFs as early as next Monday.
According to people familiar with the matter, Hong Kong will approve Bitcoin and Ethereum spot ETFs as early as next Monday.
Previous news, in the early morning of April 10, the Hong Kong Securities and Futures Commission updated the list of fund companies managing virtual assets on its official website, adding Harvest Global Asset Management and China Asset Management (Hong Kong) Co., Ltd., that is, in addition to the original traditional asset management business of these public funds, new virtual asset management business has been added.
