“Top Reverse Signal?! The Ethereum Foundation is selling ETH again! Is it a bull market forecast or a market trick?”
The Ethereum Foundation has taken action again, quietly dumping $374,000 worth of ETH into the DEX market for DAI, with a total cashing out of $12.2 million this year. This move reminds one of their precise 'peak reverse indicator' when they cashed out 20,000 ETH at the historical high. Is the bull market over? Is a new round of wash trading starting?
Currently, the price of ETH has dropped to $3,664, down 5.75% in the last 24 hours, and the market is in despair. Let's see what other secrets lie behind this: the Ethereum Foundation's wallet still holds $991 million in assets, with nearly 270,000 ETH untouched, stable as a mountain. Could this be a 'smoke screen' to attract market attention? Or is there another strategy at play?
It is known that the actions of the big players often hide signals. Whether ETH can welcome another bull market highlight depends on whether retail investors can withstand the pressure and whether market sentiment can calm down. After all, the capital market is always a game of wisdom and patience!
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