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⌞ Write a script for everyone to watch ⌝
Everyone buckle up and prepare for the month-end crash. I'll make a prediction based on real data
🥶 Month-end spot ETH sell-off of $2.76 billion, while Ethereum MicroStrategy BMNR's daily purchase is only $200 million, unable to catch it, it will collapse
Data source: Current Ethereum PoS network exit queue temporarily reports 910,461 tokens, valued at approximately $3.91 billion, setting a historical record for exit scale. In comparison, ETH waiting to join the network is about 268,217 tokens, only $1.151 billion (validator queue data)
🎯 Spot ETF continues to flow out, the former upward momentum instantly becomes the main force of sell-off
Yesterday, US Ethereum spot ETF net outflow was $196.6 million, Bitcoin spot ETF net outflow was $121.7 million
🔸 Spot ETF fuel exhausted, beginning to help sell-off
🏹 Whales facing liquidation, if margin called, forced selling will accelerate the decline
"Long ETH at $125,000" whale reduces position by 1,300.47 ETH, current two positions' liquidation price is around $4,177
"Machi Big Brother" Huang Licheng's ETH, BTC, HYPE, and PUMP long positions are now floating loss of nearly $10 million
According to Coinglass, if Ethereum drops below $4,100, mainstream CEX cumulative long liquidation intensity will reach $1.392 billion
🔸 Market rises and falls are never about everyone's well-being, Mr. Market wants to eat flesh and bite bones
✅ My script
🔹 This Thursday, Federal Reserve data and Powell's speech will worsen the weekly decline (around -3% daily), starting a new round of massive drop from Friday
🔸 Next Monday, a rebound, but weak, market confidence lost, no courage to long
🔹 Next Thursday, three kingdoms kill temple, options month-end settlement ready, ETH spot queue unlocking reinforcements arrive, combined with US PCE index release, market starts crazy sell-off, weekend full of wailing
🔸 Mid-September, Federal Reserve 25 BP rate cut, 71% probability on Polymarket, rate cut then launch crazy bull market, Ethereum sprints to $8,000 by late October
Market through August-September kill temple operation, crazy clearing long leverages, Ethereum price once dropped to terrifying $2,700! Remember, Ethereum's new historical high of $8,000 comes at a price
Sadly, those liquidated longs will never see Ethereum's great glory again
(This is not investment advice, partial data from @Surf_Copilot)

It can be seen that this text contains the blood and tears of Brother Bear
Wuwuwuwu
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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