Over $50,000,000,000 in investors' wealth has been wiped out from Trump's-related crypto ventures.
"You buy Bitcoin with credit, you let it appreciate, and then you sell Bitcoin to pay the dividend."
Hundreds of wallets, many inactive for 7+ years, were just drained by the same address on Ethereum mainnet.
The activity suggests a possible new live exploit and is being closely monitored.
it’s hard to ignore how much eth is lagging rn. while btc is back at 80k, the eth/btc ratio just keeps sliding down. It feels like all the liquidity is sucked into the btc "gold" narrative or trendy memes instead.
but when i look at the technicals, this looks like a controlled accumulation phase. Most people think eth is done for this cycle cuz the rally slowed down, but rsi is hovering around 58 and the macd is flat. eth is still holding about 7% above its 200-day sma, which is a decent sign.
This usually happens before a major momentum shift where the price finally picks a direction. derivatives data shows top traders are holding a 54.2% long bias, so even though retail is distracted, smart money seems to be building positions. Since the volatility is stuck in this annoying range, i’ve been running a grid bot on bydfi to scalp the sideways move. history suggests this compression resolves bullishly once the range breaks.
do you guys think this is just a long accumulation before a massive pump?