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![]() ![]() US$617,000 was wiped out. This is not a movie plot, but a tragic scene that actually happened in the cryptocurrency market. 1531 Ethereum was sold at a low price. What is the story behind it? ![]() ![]() Crazy selling at 3am ![]() ![]() At 3:17 a.m. that day, the blockchain browser recorded an abnormal transaction. An anonymous wallet suddenly emptied all ETH holdings, and the transaction price was well below the market level. This is not an ordinary stop-loss operation, but an almost desperate act of cutting flesh. The market is still sleeping, but the whale has left the market bleeding. Trading records show that the sell-off resulted in losses of up to $617,000. What’s even more shocking is that this wallet once held over $2 million worth of ETH. ![]() ![]() ![]() Who is panic selling? ![]() ![]() Blockchain doesn’t lie, but it doesn’t tell us the whole truth either. Who is the owner of this mysterious wallet? Is it an institutional investor or a large individual investor? Why did you choose to leave at the darkest moment? Some people speculated that the leveraged position was forced to be liquidated, while others believed that insider information led to panic selling. What’s even more bizarre is that just 12 hours after the transaction was completed, the price of ETH began to rebound, rising by more than 15%. The $617,000 tuition bought a cruel lesson: The market always punishes those who act out of fear. But the question is, who can stay calm when panic strikes? ![]() ![]() The psychological game behind meat cutting ![]() ![]() The cryptocurrency market is like a mirror that reflects every investor’s deepest fears. The flesh-cutting behavior of 1531 ETH reflects the instinctive reaction of human beings in the face of market fluctuations. Professional traders know that the best times to buy are often when the market is at its most panicked. But there is a galaxy between knowing and doing it. When account assets shrink at a speed visible to the naked eye, and when panic spreads on social media, rational thinking is often the first to be abandoned. ![]() ![]() ![]() The "tuition fees" we paid in those years" ![]() ![]() This is not an isolated case. In the history of cryptocurrency, similar "flesh-cutting tragedies" abound. At the bottom of the bear market in 2018, countless investors cleared their positions at the lowest point ; On "Black Thursday" in March 2020, panic selling caused prices to halve. The market always repeats the same script, just with different actors. After every plunge, there are always people who swear to "never touch cryptocurrencies again", but then chase higher again when the bull market comes. The loss of US$617,000 may be able to gain some valuable experience: market fluctuations are the norm, and emotional management is the core competitiveness. But the question is, are these lessons worth the price? ![]() ![]() write at the end ![]() ![]() The story of 1531 ETH continues. Maybe one day, this mysterious wallet will be active again and return to the market with new lessons or new gains. In the world of cryptocurrency, there are no permanent winners and no permanent losers, only evolving participants. When you stare at the constantly beating K-line late at night, remember: the darkest moments in the market often breed the greatest opportunities. But the premise is that you have to survive until dawn. ![]() ![]() ![]() ![]() ![]() |