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During the weekend, the US-listed company SharLlink purchased 77,206 Ether, which is the reason for the deep V reversal of Ether.
It has been emphasized before: MicroStrategy is the largest institution in Bitcoin, while SharpLink is the largest institution in terms of posture. Currently, Bitcoin is at a high price level, and without new chips, it can hardly be driven up. The market's focus is on posture, with low prices that are suitable for the favor of many institutions.
Currently breaking through the 3900 level, the bulls remain strong, but it is no longer suitable to chase long positions. Once the market digests, a correction is bound to come.
Light positions in the 3935-3940 area, looking down towards around 3800.