Ethereum Squeeze Intensifies - But Whale Investors Refuse to Sell
ETH faces mounting pressure as the crypto market tightens - yet the big players aren't budging.
The Whale Standoff
While retail investors panic-sell during the current downturn, Ethereum's whale addresses maintain their positions with stubborn conviction. These deep-pocketed holders control massive ETH stashes that could move markets - but they're holding firm.
Market Mechanics at Play
The squeeze reflects broader crypto volatility, yet Ethereum's fundamental believers aren't folding. Their diamond-handed approach suggests either calculated patience or pure stubbornness - take your pick in this high-stakes poker game.
Meanwhile, traditional finance types wring their hands about 'speculative bubbles' while missing the real story: smart money sees value where others see risk. Typical Wall Street - always late to the party.
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On Friday, U.S. stocks recovered after New York Federal Reserve President John Williams said the central bank could lower its key interest rate, given that weakness in the labor market poses a greater risk than high inflation.
Turning to trending stocks, Novo Nordisk (NVO) shares plunged 11% in Monday’s pre-market trading after the Danish pharma giant announced that its much-awaited trial for Alzheimer’s disease failed to meet its main goal.
Meanwhile, investors will look forward to some major earnings releases this week, including reports from Li Auto (LI), Alibaba (BABA), Dell Technologies (DELL), Zscaler (ZS), and Nio (NIO).
