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The crypto assets market has once again experienced a severe fluctuation. Today, Ethereum (ETH) faced a massive dumping, with volume surging exceptionally. It has been observed that within just two hours, approximately over 1 million ETH were sold, valued at over 4 billion USD, and this action directly led to a big dump in the market.
Earlier, the market atmosphere was relatively optimistic, and many investors were still looking forward to the arrival of a bull market. However, the reality is that the bull market may have quietly ended. This sudden wave of dumping is likely triggered by large institutions or 'whale' investors.
It is worth noting that this downward trend may last for several days. What is more concerning is that the Federal Reserve is set to release important economic data tomorrow evening, which may further exacerbate the instability in the market.
For crypto asset investors, this is undoubtedly a challenging time. The high fluctuation of the market reminds us once again to remain vigilant when making investment decisions and to always pay attention to market trends and macroeconomic factors.
In this uncertain market environment, investors should cautiously assess risks and moderately adjust their investment strategies to cope with potential further fluctuations. At the same time, it is important to maintain a long-term perspective and not be swayed by short-term market fluctuations.