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will 😾|Feb 21, 2025 18:41
Although he is a loyal E-guard, I think we still need to be objective.
1. ETH does not have native multi signature like BTC@ This is not the first time that the Safe wallet has encountered an issue. ETH and CEX both have security risks, which is another crisis of trust.
2. The largest hacker attack in the history of encryption, with 500000 ETH and a potential selling pressure of 1.5 billion US dollars. Although it won't happen all at once, the hackers have dispersed to 50 addresses, and these ETH will not disappear out of thin air. It's impossible to achieve such a big attack without a means of withdrawal. There will definitely be actions taken next.
3. The most important thing I think is that @ benbybit chooses to borrow coins instead of buying ETH. What does this mean? The meaning of short selling! It's equivalent to him clearly stating that he thinks he can buy it at a lower price in the future!
For ETH, which has already been scarred, the selling pressure of hundreds of thousands of ETH may not be a thunderbolt, but more like a months long plum rain, which may extinguish the expectations of future local knockoff seasons. The next few months may be similar to the BTC market repaid in Mentougou last year, which is really unsettling 🙏
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