The market is in extreme panic, the time to enter has come
At 4 a.m. today, the latest assessment from the Israeli intelligence community was that Iran had decided to attack Israel directly in retaliation for the assassination of Hamas political leader Haniyeh. The market fell as soon as the news came out. Today's panic and greed index has dropped to 25 levels, which has entered the extreme panic.
Judging from the on-chain data, Bitcoin has been in a state of outflow from exchanges in the past 24 hours and a week, indicating that there are still large investors and institutions buying at the bottom during this decline.
Let's look at Ethereum again. The amount of bottom-fishing in the past week is very considerable, but the amount of bottom-fishing in 24 hours has not increased significantly. This is also related to the fact that a whale has continued to transfer Ethereum to the exchange in the past month. From the on-chain data, it was found that a whale participated in the Ethereum ICO in 2015 and bought 1 million Ethereum (ICO price $0.311). This whale transferred 48,500 ETH worth $154 million to the exchange in the past month. At present, the address still has 682,000 ETH worth $1.756 billion.