Benefiting from the Fed's interest rate cut expectations, the cryptocurrency market rebounded last night.

This whale, who previously bought 5,822.6 ETH ($20.58M) at $3,535 on 6/19, sold 3,900 ETH ($10.62M) at $2,724 8 hours ago during the rebound.

He has sold a total of 4,675 ETH bought on 6/9, with an average selling price of $2,701, realizing a loss of $3.9M (-23%). The view is not long or short, but everyone is taking advantage of the rebound to sell, which shows that there is a problem in the market. Long and short positions should pay attention to safety. #etf以太坊

During the Bitcoin rebound, some large institutions were selling to escape the peak. The Cumberland DRW associated address, which had been dormant for three years, recharged 650.93 BTC to#Coinbase4 hours ago (when the BTC price was high), worth 41.96 million US dollars.

Tracing back the source of funds, it was found that this part of BTC was collected from multiple DRW addresses six years ago, with an average price of only about $4,000; if sold this time, the profit will be about 15 times (recharge price $64,463), equivalent to about 39.35 million US dollars🫢

More dangerous than Mentougou is the US government's upcoming sale of Bitcoin BTC$BTC
Mentougou's data has been updated. Currently, there are only 32,371#BTCleft. If it goes fast, the distribution to the exchange will be completed within the month. The exchange is expected to complete all compensation in about half a month. The next uncertain mine is the US's stock of more than 190,000 BTC.

Regarding the Chinese government's sale of 790,000 ETH, it was probably a mistake. It is estimated that someone wanted to buy at a low price. According to the on-chain query of 789,534 ETH by industry leaders, most of them had been processed in 2021. This change actually resulted in the collection of 25,757 ETH. In other words, even if it was really a sell-off, it was only these 25,000 ETH, but the market panic had already occurred. After that, Lookonchain, which first posted the message, also deleted the tweet it sent at the time. Hold on to your low-priced chips and don't get thrown off the bus! Don't get thrown off the bus! Don't get thrown off the bus! #ETH🔥🔥🔥🔥