The $190 million sell wall has materialized, and Ethereum's main players have fulfilled the “pump and dump” scenario.
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Last night, PRO Flash Alerts reminded that a dense sell wall worth $190 million appeared above ETH, indicating that major players intended to suppress the price and heavily bet on $2400. Subsequently, ETH moved as expected towards the sell zone, with $318 million in sell orders filled, completing the deployment of major players' short positions. After that, ETH turned downward, briefly receiving support at $2340 (major players' buy orders + EMA21), but due to a lack of follow-up capital, the price continued to probe lower into the liquidity zone (liquidation magnet zone + major buy order zone). Each key point in this round of volatility closely overlapped with the placement of large orders and transaction volumes from major players. “Major Player Code” interpretation: The major sell wall is usually intended to suppress the price or facilitate distribution, with the trend typically showing "rise first, then fall." With the PRO “Major Block Order Tracking” indicator, you can capture these unusual movements in real time and be the first to see major players' next moves.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
UBS raises Target's price target to $205
格隆汇•2026/11/13 06:44

Bitcoin falls below $68,000, ETH drops below $1,900
AiCoin•2026/11/13 06:11

Japan’s Takaichi says in close contact with US financial authorities on currency market
FXStreet•2026/11/13 05:24
A bitcoin address dormant for 16.2 years has been activated, containing 50 BTC
AiCoin•2026/11/13 04:23

Crypto prices
MoreBitcoin
BTC
$69,126.95
-5.88%
Ethereum
ETH
$1,942.02
-4.98%
Tether USDt
USDT
$0.9990
+0.03%
BNB
BNB
$632.88
-5.72%
USDC
USDC
$0.9998
+0.01%
XRP
XRP
$1.03
-1.60%
Solana
SOL
$80.26
-3.02%
TRON
TRX
$0.3108
-1.82%
Hyperliquid
HYPE
$71.88
+1.24%
Zcash
ZEC
$951.25
-3.41%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now