There has been some movement on-chain again, this time it's Grayscale!

Arkham data shows that Grayscale transferred approximately 9,787 ETH to Coinbase Prime in the last 10 minutes, valued at about 19.46 million USD, as well as approximately 446 BTC, valued at about 29.43 million USD.

It's the familiar operation again—Grayscale is transferring coins to the exchange.

Yesterday, BlackRock just completed a transfer, and today Grayscale takes over. This wave of nearly 50 million USD in assets concentrated flowing to the exchange is hard not to make one wonder—are they about to start unloading?

Brothers and sisters need to know that Grayscale, as a long-established institution, has a very low holding cost. Especially for ETH, the cost when Grayscale built its position years ago was far below the current price. Once this “low-cost chip” flows into the market, the short-term selling pressure is very real.

Currently, ETH itself is in a weak position, with funds continuously flowing out. Now, with Grayscale's 9,787 ETH pressing up, the short-term rebound space will be further compressed. Although BTC is relatively resilient, the selling pressure of 446 cannot be ignored.

Operational strategy:

· Exit ETH long positions first, do not hold firm. The support below looks at the 3,000 USD mark; if it breaks, there is more downside space.

· Tighten BTC positions; 95,000 USD is the lifeline; if it breaks, reduce positions.

· Overall position control below 40%, keep enough bullets for stabilization.

Remember: Institutions transferring coins to exchanges for two consecutive days is not a coincidence. The short-term sentiment is bearish; don't try to catch falling knives. Wait until this wave of selling pressure is digested, then we'll look for opportunities to enter the market!

Brothers and sisters, stay steady; surviving is key for the next market wave!

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