Market dynamics focus:
● Yesterday, the US ETH spot ETF recorded significant capital inflows, totaling US$49 million.
● The well-known cold wallet "Mr.100" on the Upbit platform announced yesterday that it would increase its holdings, and its BTC holdings increased by approximately 1,850.
● It is worth noting that Jup has shown flexible operations in the recent market fluctuations. It first sold off some assets, and then quickly changed direction and used US$200 million in funds to enter the exchange for bargain hunting.
● Bitwise Chief Investment Officer Matt Hougan expressed his opinion that the current market sell-off is actually a good opportunity for investors to buy at low prices.
● According to other news, a large-scale investor (commonly known as a "whale") purchased 1.60,000 ETH for a total price of 37 million USDT 9 hours ago, and the average transaction price was approximately US$2,279 per coin.
● Justin Sun also joined the bargain-hunting ranks and purchased 1.40,000 ETH through the BN platform.
● The founder of Real Vision made a prediction that the next week may be the last ideal time to enter the market between 2024 and 2025.
At the current market stage, most of the main chips have been deployed. Faced with the recent sharp decline, most traders have difficulty in large-scale bargain hunting due to limited chips. The data that the trading volume surged six times undoubtedly reveals the phenomenon of retail investors selling and institutions taking over. It is difficult for retail investors' trading volume to reach such a scale.
Institutions took this opportunity to collect a large number of low-priced chips. Although this may seem to be a short-term pressure, in the long run, the concentration of chips will accumulate strength for future market explosions.
Therefore, hold on to the chips in your hand firmly and never give up. Only by maintaining patience and determination during the decline and withstanding the pressure of short-term hold-up can you enjoy the dividends of the bull market in the future rising market.