On-chain funds are continuously moving.


The hacker who previously attacked Balancer has, over the past 3 days, gradually exchanged about 21k Ethereum for 617.43 Bitcoin, with a total value of approximately $48.72 million.
Currently, this address still holds about 1,000 ETH, worth around $2.32 million, and the market generally suspects that it may continue to sell or convert assets in the future.
From on-chain behavior, such operations often serve two purposes: one is to reduce asset tracking risk, and the other is to diversify the fund structure through asset conversion.
But what the market really needs to pay attention to is not a single event, but the emotional changes caused by fund flow.
Hackers can change their holdings structure, but they cannot change the long-term direction of the market.
In the face of volatility, short-term is driven by emotions in trading, while the long-term is about value in pricing.
ETH0.59%
BTC0.56%
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