For investors who have experienced the last round of bull market, "Ethereum Foundation sells coins" has always been a fairly reliable signal to escape from the top. Another well-known escape signal is the outbreak of meme Coin. The current encryption market has already gathered these two points.

The "Escape Master" Ethereum Foundation has transferred 15,000 ETH (worth approximately US$30 million) to the address marked "Kraken 5" on the chain via the "0xd864" address at 8:58 today.

PEPE, the most discussed meme coin in this round of rise, has a market capitalization of over US$1.5 billion in less than one month after its birth, and the 24-hour transaction volume of the entire network exceeds US$1.7 billion, which is almost the same as the Binance platform Bitcoin at the same time. Spot trading volumes were flat. Since PEPE began to be listed on CEX in mid-April, its highest increase has exceeded 3000%.

First collection in May 2021

These two top escape signals have been confirmed twice in 2021. Let us turn the time back to the previous bull market.

On May 9, 2021, the meme Coin Dogecoin (DOGE) rose by more than 1,000% in one month from April 9 under Musk's bombardment of orders, and finally reached "1DOGE=$1 "Under the wave of FOMO, reaching a historical high of $0.72 on May 9, SHIB, Floki, SAMO and other "puppy coins" began to dance wildly.

The next day, Binance announced the launch of SHIB in the Innovation Zone. Bitcoin once again tried to reach $59,000 but failed. Three days later, on May 12, it began to plummet, with the intraday low falling to $49,000.

On May 17, 2021, the Ethereum Foundation address (0xde0B2) transferred 35,053 ETH to the address starting with 0x5A70c5 at 15:47 that day. It was transferred to the Kraken trading platform 1 minute later, which was worth approximately US$115 million at the time.

At this point, the market gathered two major escape signals and plummeted again on May 19, 2 days later. The Bitcoin market experienced the most significant liquidity event and price drop since Black Thursday in March 2020. The event created the Bitcoin The largest daily negative line in history, the intraday price range is $11,506.

Since then, Bitcoin has been consolidating in the relatively low range of $30,000 for 2 months, and the market is filled with bearish pessimism.

Second collection in 2021

On July 20, 2021, Bitcoin successfully turned around after gaining support again at $30,000. The market continued to rise under the optimism of "Bitcoin futures ETF approval" and "Spot ETF approval is around the corner."

On October 28, 2021, while Bitcoin was consolidating at a high above $60,000, meme moron SHIB hit an all-time high of $0.000088, a gain of more than 1,100% in the month since October 1.

On November 10, 2021, Bitcoin and Ethereum jointly hit a record high, and the Ethereum Foundation transferred 20,000 ETH (approximately $90 million) to the Kraken trading platform at 22:56 that day.

The market once again gathered two signals to escape from the top, started a sharp correction, and officially entered a bear market amid many thunderstorms.

  

The market cannot cut a boat and seek a sword, but it still needs to be feared

No one can 100% predict what has not happened yet, and it may not be advisable to seek the sword at the last moment. However, in addition to the above two escape signals, the current encryption market is still affected by the Federal Reserve’s interest rate decision, the US banking crisis, and the US government’s currency sales. , and even the interference of many uncertain factors such as the default of U.S. Treasury bonds, every investor needs to remain in awe of the market.