Whales fighting, retail investors suffering — On-chain chaos

Some whales are depositing coins into exchanges, preparing to sell. For example, when BTC surged to $80k, someone transferred over 10k coins to Coinbase in one go, clearly showing the intent to run.

But on the other side, there are also people withdrawing coins from exchanges, roughly over $80k, clearly still looking to buy.

Take a look, big players are fighting among themselves, selling and buying at the same time, so how do you think the market will move? Gods fighting, retail investors suffering.

Even more outrageous is the Ethereum Foundation. You say you control the treasury, just control the treasury, but you had to redeem over 20k ETH from Lido at the market's weakest point, transferring $50 million directly away. You call this normal operation, but the market doesn’t see it that way, interpreting it as an “official dump.” Who would believe it’s just a coincidence at this point?

Liquidations are even worse, with $660 million in 24 hours, nearly 90% of which are longs. A big V named Brother Maji, using 25x leverage to go long ETH, got liquidated several times in a row, losing over $10k in an instant. No matter how much capital you have, high leverage still means you’re just sending money to the exchange.

So now, the on-chain situation is like this — some are selling, some are buying, and the foundation even pushed the market a bit, causing longs to be whipped back and forth. It’s not some big whale controlling everything, just a chaotic battle between bulls and bears.

Don’t just focus on one reason either; liquidity is already poor, news is chaotic, and leverage is high. Just a tweet or a liquidation can send prices soaring or plunging. #加密市场下跌15万人爆仓 $ETH