Interesting pattern emerging here: big players are doing the exact opposite of retail right now. While most traders are frozen in fear, some serious accumulation is happening. We're talking about a wallet that just grabbed 420,000 ETH during this pullback. That's not small money – we're looking at someone with conviction putting massive capital to work. The divergence is textbook. Panic selling on one side, strategic buying on the other. These large holders clearly see something in this dip that the broader market is missing. Whether it's institutional positioning or just whales being whales, the contrast in behavior is worth noting. Market psychology at play: when everyone's rushing for exits, that's often when the smart money quietly steps in.

The weekend has passed just like that, and it feels like the market is about to choose a direction. After two days of sideways trading, I also spent two days fishing, basically not paying attention to the market. However, that 9000U grid is running quite steadily; once set up, I don't have to worry about it and just lie back and enjoy the profits, it's really nice. BTC and ETH have been consolidating these days, and ZEC hasn't made any big moves either. What did you all do over the weekend? Is there anyone who, like me, completely went short?

Recently, with this wave of market fall, many people think it's just the old problem of retail investors not having money to catch a falling knife. But Tom Lee threw out a bombshell opinion a few hours ago: the real trouble lies in one or two core market makers losing too badly, and the funding black hole is about to be unsustainable. If this is true, the impact could be significant. Once the market makers can't hold on, the order book depth could be halved, and at that time, who knows how chaotic the quotes will be. What's even more critical is that the big players might take this opportunity to wash the market like crazy, creating panic and driving the BTC price down, forcing retail investors to give up their chips. However, to put it another way, the institutions on Wall Street are still continuing their long-term layout for ETH, and the logic of the super cycle hasn't changed. It's just that there are liquidity issues in the short term, so it's better for everyone to play it safe. Tom Lee estimates that this wave of liquidity recovery will take about 6 to 8 weeks. I suspect he must have some insider information, otherwise he wouldn't be so specific. The most interesting question now is: which market maker can no longer hold on? Will there be another round of chain explosions? Guess in the comments, maybe an experienced person can get it right.