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This time, Ethereum was stolen 1.4 billion US dollars. Many people think that it is not worth mentioning in the face of Ethereum's 300 billion US dollars Market Cap, mistakenly believing that 1.4 billion US dollars can only lower the price of Ethereum by 14/3000 (that is, less than 1%). In fact, this 1.4 billion US dollars, without considering the situation where large institutions just buy in and dealer Market Stabilization, can dump Ethereum to zero about 14 times in 20 seconds. There are approximately 500 million global Cryptocurrency Speculation participants, with approximately 50 million daily active users. There are approximately 5 million habitual market makers, and approximately 1 million market makers for Ethereum. Assuming an average maker makes 100 US dollars, the total Maker amount for Ethereum is 100 million US dollars. 1.4 billion US dollars can reset Ethereum 14 times.
Although I haven't been in the currency circle for a long time, less than 1% of people know this secret. Even many well-known anchors or KOLs do not understand these, because only those who have traded themselves can truly understand. In reality, in order to prevent market panic selling, dealers will definitely hold emergency meetings to increase the liquidity of Ethereum, and they will not allow Black Crane to appear even if they have to spend money to take on this $1.4 billion order.
How do I know all this? Because in 2021, a friend took me to play at a first-level market, where I bought 40WU of pc coins. Single-handedly, I instantly raised the Market Cap from hundreds of thousands of dollars to millions of dollars. That's when I realized that Market Cap is all fake; the key is liquidity. The worse the liquidity, the more fake the Market Cap. Apart from ETH dumping, which requires hundreds of millions of dollars, other altcoins, including sol, can be dumped to zero with just 10 million dollars or even less (without considering dealer Market Stabilization). So, I would say this knowledge cost me 300W to learn, a bit expensive, but I'm sharing it with everyone for free.