$ETH PUMP or DUMP? Answered
As we are ever so close for an approval of ETH ETF ...lot of small traders are wondering and speculating as to what will happen once the news comes in?
The answer to this is in the recent history when BTC ETF was approved. Out of all odds BTC had fallen significantly due to 2 very weird reasons on approval of its ETF
1) COINBASE had crashed resulting in panic selling from a hoard of small and retail traders.
Was it a fact or manipulation is still a question
2) Coincidentally the same day and old whale holding BTC since 2010 decided to dump it's holdings on the market which was worth mere $10 million but the impact was catastrophic.
Again fact or Manipulation is still in question.
Remember there was even a fake news of ETF being approved just a day before the actual announcement. All this was quickly forgotten and stupid retail traders first celebrated the approval and then cried over the crash.
JUST BEWARE
DONT BECOME THEIR EXIT LIQUIDITY
TRADE SAFE TRADE SMART
DYOR
THIS IS NOT A FINANCIAL ADVICE
