Wasn't there a post on twitter how whales are accumulating like crazy at 240$ ? With the volume and cold wallets graphs?
$ETH down 30% since.
These walls showing up on multiple exchanges simultaneously at the same price was the absolute top lol.https://twitter.com/HsakaTrades/status/1228493496266280961 …
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My theory is a large options market maker bought a ton of ETH when delta hedging the run up and needed to push ETH back down
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https://twitter.com/rachistic/status/1229857125851111424?s=20 … At that time eth was the leading indicator for the whole market
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