A whale moved 20,000 ETH overnight! Is this rebound just a “dead cat bounce”?



All the big bulls have already fled—are you still foolishly taking the bags?

ETH’s well-known bull, Fickel, has just transferred 20,000 ETH out of the exchange. This guy was already down more than $46 million on his long positions—so this move is either changing wallets or getting ready to dump. Either way, it’s not a good sign.

Looking at the liquidation chart: if it drops to $1692, longs will get wiped out by $549 million; if it climbs to $1866, only $463 million of shorts will be liquidated. It’s way more cost-effective for the main force to dump than to pump! Right now there’s a pile of long orders around 1778. If the SAR support at 1767 breaks, the downside is directly 1740-1730.

Brother Wan’s trading suggestion:
Short at 1778-1790, target 1760-1730.

Brother Wan’s personal view: The rebound has no volume, and institutions are also calling for downside. This leg still needs to drop further. Open a small short position and use a strict stop-loss.

The short is already on board—the waterfall is on the way. What do you think?

#Strategy上周减持3588枚BTC #USD1链上质押享年化8.88% $ETH
ETH-0.17%
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