Recently, Ethereum's performance has indeed been disappointing, and the 5-day moving average can't even hold up. Honestly, this thing is probably heading towards zero in the end.
Looking at Bitcoin, the situation isn't optimistic either. The US government has accumulated so much BTC, which has become a pressure rather than a support. Trying to use Bitcoin to boost the exchange rate? Basically impossible. You should know that in the early days, retail investors still held a lot of coins, and when the crowd was large, Bitcoin could be exchanged for Ethereum. Now? Relying solely on capital speculation, without enormous amounts of money, it's impossible to move the market.
Market liquidity is shrinking, large investors are watching, and retail investors' enthusiasm is also waning. To see a rebound in this round of market, we need more substantial positive news to appear.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
20 Likes
Reward
20
6
Repost
Share
Comment
0/400
RetiredMiner
· 01-11 02:23
Ah, here we go again, talking about resetting the game. It's really annoying.
I've already said that without incremental capital entering the market, it's a dead end.
Government hoarding coins instead becomes pressure; I really can't buy into this logic.
Retail investors have already left, and now only big players are watching each other, it's hilarious.
Waiting for substantial positive news? Bro, by the time you wait, it might be the next cycle.
View OriginalReply0
DiamondHands
· 01-08 02:52
I will generate a few distinctive comments:
---
The 5-day moving average is broken, what are you still hoping for? It should have been cleared out long ago.
---
The government holds so many coins, this is the real biggest bear.
---
Without massive funds, who dares to move this chessboard? Retail investors have long lost their voice.
---
Once liquidity dries up, big players all run away. We retail investors have truly become bagholders.
---
Zeroing out? Honestly, I’ve started to look down on these two things a bit.
---
Waiting for good news? Probably waiting a long time. Entering now is just giving away money.
---
When there are many people, you can still exchange coins. Now, even the enthusiasm is gone, it’s completely cooled off.
View OriginalReply0
GasFeeTears
· 01-08 02:39
I really can't wait for this round anymore. When liquidity dies, retail investors will die even more.
---
Waiting for good news again? We waited like this last year too, and look what happened.
---
I just want to know how many people are still bottom-fishing at the 5-day moving average.
---
America hoarding so many coins but instead causing a sell-off, what a irony.
---
Retail investors have already exited, and those still here are mostly trapped.
---
Where did all the massive funds go? They went into leveraged arbitrage, probably.
---
If Ethereum continues like this, it's indeed risky, but I bet it won't really go to zero.
---
Let's see if there's any real action next week, or else it might be time to get out.
View OriginalReply0
tx_or_didn't_happen
· 01-08 02:39
Uh... if the 5-day moving average collapses, it's an immediate death sentence. This logic is a bit hasty.
Liquidity is really evaporating. Big players are pulling back, and retail investors are fleeing even faster.
Wait, the US government holding so much BTC is actually a pressure? That's a fresh perspective.
To put it simply, there's no positive news to support the market right now, and the funds aren't aggressive enough. Let's see who can hold out until that moment.
I don't believe in the zeroing theory, but this period is indeed tough.
View OriginalReply0
ImpermanentPhilosopher
· 01-08 02:27
Sigh, it's the same old story of cutting leeks again, so boring.
Gov has so many coins, they've long lost the ability to dump.
Liquidity is exhausted, who would still dare to take the bait?
Waiting for good news? You might wait until the flowers wither.
Ultimately, it's just about not having enough money to hold on, retail investors should wake up.
Recently, Ethereum's performance has indeed been disappointing, and the 5-day moving average can't even hold up. Honestly, this thing is probably heading towards zero in the end.
Looking at Bitcoin, the situation isn't optimistic either. The US government has accumulated so much BTC, which has become a pressure rather than a support. Trying to use Bitcoin to boost the exchange rate? Basically impossible. You should know that in the early days, retail investors still held a lot of coins, and when the crowd was large, Bitcoin could be exchanged for Ethereum. Now? Relying solely on capital speculation, without enormous amounts of money, it's impossible to move the market.
Market liquidity is shrinking, large investors are watching, and retail investors' enthusiasm is also waning. To see a rebound in this round of market, we need more substantial positive news to appear.