#流动性环境 Seeing SharpLink unlock 104.4 million USD worth of ETH today, I have to say this signal is worth considering. Compared to Bitmine's additional 219.18 million USD staked during the same period, the market is playing out an interesting polarization—some are pouring in money, while others are withdrawing.

Under the guise of improved liquidity conditions, I am actually more cautious. Unlocking usually indicates two possibilities: either uncertainty about the subsequent market trend or some large holders cashing out at high levels. I’ve suffered quite a few losses and seen too many projects secretly escape in batches under the pretense of "ample liquidity."

The key is to see where this 104.4 million USD worth of ETH will flow. If it goes into exchanges, then beware of the risk of a dump. If it’s just shifting from one staking method to another, the nature is completely different. But honestly, in this market, it’s hard to grasp the full picture immediately.

My advice is: don’t be fooled by the term "liquidity improvement." Those who truly last long never chase after price swings blindly. Instead, during such large inflows and outflows, it’s even more important to understand which stage of the lifecycle your holdings are in. No risk should be overlooked.