Is ETH currently the main force to "dump the pot" or "wash the market"?

Vitalik 2025-10-14 20:37 40694人围观 ETH

Recently, a key signal appeared in Ethereum (ETH): the 42-day pledge queuing mechanism triggered large-scale capital flows.

On one side, 2.42 million ETH (about 10.9 billion U.S. dollars) are queuing up to unpledge and want to leave.； On the other side are 1.37 million ETH (approximately $6.2 billion) waiting to be pledged and wanting to enter the market.

Behind this "big movement of funds", is the main force taking the opportunity to "dump the blame" to sell goods, or is it deliberately "washing the market" to attract funds?

Fund trends: Some people want to run away, some want to enter

Judging from the data, there are clear differences in the market. The huge amount of unpledged funds represents the desire of some investors to take profits or avoid risks, while new funds continue to flow into the pledge queue, indicating that long-term bullish investors are still making plans. In particular, institutions such as Grayscale have pledged more than 1.16 million ETH through the ETH spot ETF, indicating that big funds have not withdrawn, but are just slowing down and secretly hoarding chips.

This contradictory phenomenon often appears before the market changes. The main force may use the pledge queuing mechanism to create chaos and make retail investors confused about the direction, thereby completing the position adjustment.

Disk signal: Fluctuation and laundering, the direction is about to become clear

The recent trend of ETH is not a simple fluctuation, but big funds are brewing the next wave of action. ETH fell back from a high of $4,780 and fluctuated repeatedly in the range of $4,430-4,500. The Bollinger Bands narrowed, and the trading volume also showed the characteristics of "increasing volume when falling, and shrinking volume when rising."

This model is typically the main washout technique - wearing out the patience of retail investors through violent fluctuations and forcing hesitant chips out of the game.

However, the current support level of $4,430 has not been broken by heavy volume, indicating that the main force has not actually shipped, but is gaining momentum by controlling the market. Like the silence before a charge, the market is waiting for a tipping point.

ETH is currently at a critical decision point. Once the direction is confirmed, the market will be very straightforward:

Upward breakthrough: If the good news is superimposed, it may directly rise to $5,000.

Downside breakdown: If support fails or a negative surprise occurs, it may quickly fall below $4,300.

This extreme trend stems from the concentration of chips after the main force washes the market - once the direction is clear, the resistance will become smaller and the market will develop rapidly.

The main intention: The probability of washing the market is greater than dumping the pot

Judging from the continuous pledge of institutions and on-chain data, the possibility of "washing up" by the main force is higher.

Tossing the pot is to ship goods, and to wash the dishes is to attract money. At present, large investors such as Huidu are still locking up their positions, which shows that they are confident in the market outlook and are just cleaning the floating chips through shocks to prepare for subsequent increases.

In addition, the news has also been exploited by the main players to create short-term panic. But news is just a tool, and chips are the essence. The more confused the market sentiment is, the easier it is for the main force to make low-cost arrangements.

Follow the trend, don’t bet, wait for deterministic opportunities

For ordinary investors, it is not appropriate to blindly guess the direction at this time, but should remain patient:

Pay attention to the support of US$4,430 and the pressure of US$4,780, and you can operate with the trend after the breakthrough.

The main force is brewing a change in the market. When the market starts, it will not give too much reaction time, so you need to prepare in advance.

The market does not lack opportunities, but it lacks calm players. Don't trade frequently in shocks and wait for deterministic signals.

ETH is in the calm before the storm, and the main funds have made arrangements. No matter what the result is, only by following the trend and not confronting the dealer can you seize the next wave of opportunities.