I been thinking about that eos dumping their eth. So it had already happened. But then again, it’s not a substantial amount that can cause the big dip these past week. Could there be any other bigger negative news?
I been thinking about that eos dumping their eth. So it had already happened. But then again, it’s not a substantial amount that can cause the big dip these past week. Could there be any other bigger negative news?
1M ETH disposal by the EOS team is substantial, especially if they didn't do it OTC.
It could also be very likely that speculators who bought pre-Consensus expected a rally post event, but that didn't occur (mentioned in my previous article in "What Happend" section). Hence the covering of long positions.
But pull-backs are always good for value investing. The last few days were great for accumulating for longer term plays.