In my opinion, let's review the logic of the Ethereum dog dealer's operation:

1. First, lend out Ethereum and smash the market through the exchange, which can be clearly seen on the chain.

2. Continue to suppress the ETH/BTC exchange rate, causing large investors who are long on the exchange rate to liquidate or reduce their positions, while triggering small retail investors to panic and sell Ethereum, further suppressing the exchange rate.

3. Cooperate with the Ethereum ETF to continue to suppress the exchange rate through Grayscale's shipment FUD and absorb Ethereum at a low price.

4. Absorb enough chips before the lowest point of the exchange rate near August 5.

5. Start to sing the praises of Ethereum and its younger brothers in October.

6. The leeks were shocked to hear that the cottage season has returned, and then only their own Ethereum is gone.

The most interesting thing is that many people have been suppressed by this round of Ethereum, and they think that Ethereum is garbage, has no future, and cannot be touched.