The market is entering the phase of tightening supply before pushing up prices after 1 week of MM continuously lowering prices to collect goods 🥶🥶
#Jumptradinghas transferred 10k $ETH = 35M$ to the custody storage wallet, this is part of the goods they have collected in the sideway area.
Pay attention to the article#Cumberlandgom $ETH I wrote earlier, the number $ETH gom in the main wallet is only 1/4 of the number $ETH gom in hidden and stored wallets.
This means that most of the number $ETH is being gradually transferred from the price wallets to the storage wallet, the number $ETH transferred to storage is a collection item in the past time.
Flow: Collect $ETH from CEX - Withdraw to wallet for price - Internal transaction to storage
The sign of supply tightening is the final flow when transferring goods to storage, this shows that MM is gradually confirming that the amount of goods they have collected has begun and what is coming next is to start running the gradual phases for the price push wave.
Coincidentally, $ETH is currently being displayed very little on the exchange, confirming the supply tightening and signaling that latency is at a low level.
Definition of supply tightening: The supply of goods is being forced down to a low level so that MM can easily increase the price or reduce the pressure of release, this will make it convenient for MM to push up the price in the long run.
