Selling Small Chunks of ETH as Whale Buying Heats the Market
How ETH is being sucked out of the market.
These days it seems every day brings news of another couple billion injected into buying Ethereum. One day an ETH-ETF pours in $1 billion, another day a whale buys $1.35 billion, and some firm announces plans to acquire $5 billion worth of ETH.
And against that backdrop I feel both comfortable and uneasy. Let me explain what I mean:
• What I like: big buys push the price up, my portfolio gains value, and I enjoy life a few percent more each day.
• What I don’t like: aggressive accumulation can overheat the market and raise the chance of a sharp exit by large whales at new highs. Right now about 97% of ETH holders are in profit.
I try to calm myself by thinking this isn’t just crude manipulation, but part of a plan to turn ETH into an alternative financial-economic system controlled by big players.
But what if we’re fooled again and ETH sneezes down to $2,400? That would hurt. So I’m selling small pieces of my ETH gradually, so I’ll have something to live on this winter and something to soothe my mind if there’s a dump.
Do you lock in profits, or are you waiting for the millennial bull run?
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