A big move up or down on elevated volume almost never ends well. We saw it on Monday, today, and plenty of times before.
Usually the price retraces either back to the start or by about 50%. The pattern isn’t perfect, but lately it’s been spot-on.

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Editor's Note: The crazy buying spree of ETH Treasury companies has become the hottest topic in the recent market, and also constitutes the strongest "buying pressure" on ETH prices. Strategic ETH Reserve data shows that as of 8:00 PM Beijing time on August 14th, the total holding scale of major ETF treasury companies has reached 3.57 million ETH, valued at approximately $16.92 billion, among which <BitMine (BMNR)>, <Sharplink Gaming (SBET)>, and <The Ether Mac...>

Six charts analyze ETH chip distribution as new highs approach

U.S. Treasury Secretary Scott Bessent: No Additional Cryptocurrency Reserves, Only Using Seized Assets. On August 14, U.S. Treasury Secretary Scott Bessent declared that the government will not use budget to buy...

US Treasury Secretary: Government Will Not Buy Cryptocurrencies, Only Reserve Confiscated Crypto

U.S. Treasury Scott Bessent advocated for a 50-basis-point rate cut earlier this week.