ETH dropped significantly last night❗️ Are you panicking again today❓ Bought a position at 3468, didn't expect it to hit a low of 3057 early this morning. Whales often do this, constantly making you doubt the direction you believe in. However, we are not whales and cannot dictate the ups and downs, so no matter how we buy, we can't possibly buy at the lowest point. Stick to your direction! Own your choices and don't let panic emotions control you; manage your position well. Last night MMT shorted with an opening price of 0.569, and almost turned positive at 11:30 PM, but I was tired and went to sleep without thinking much. Didn't expect it to jump to 6.47 and trigger a liquidation. Luckily, I only left 4000u as margin. The crypto market is always full of opportunities for extreme gains and losses; the key is whether you dare to enter during extreme times. Seizing an opportunity could yield hundreds of times the return, but conversely, it could also lead to losses, so we need to manage our positions well! The advantage of mainstream coins is that they don't fluctuate as wildly as altcoins; it's like simmering tofu slowly, and we need some patience! The fundamentals haven't changed, so why did it drop inexplicably?! What do you think ETH will do next? Feel free to leave your thoughts. #Eth #BTC
Why did ETH drop again last night❓ It's close to 3400, what's going on❓❗️ I'm a bit anxious❗️ Actually, I feel the same as everyone else; it’s not the first time I’ve had this feeling. In the past, based on experience, it's usually at the point of extreme panic when you think it will continue to drop and you don't dare to increase your position that it’s almost at the bottom. I checked the reasons for last night's significant drop in ETH; it was mainly due to the balance theft incident, combined with the fact that many market makers were wiped out from the big drop a few weeks ago, leading to a liquidity shortage in the market. Additionally, the U.S. government shutdown has impacted these factors. I can’t predict; I'm just an old player in the crypto circle who likes to share my thoughts and articles with everyone. Please don't criticize if you don't like it🤝🤝. Everyone is welcome to share their thoughts in the comments. The most feared thing during a significant market drop is finding no reason for it; if we can identify the reason, we can better grasp the future! Recently, I've come to a new understanding: speculation and investment. If we firmly believe in a direction or a particular cryptocurrency, we should hold onto it firmly! Investment has risks; if we misjudged and lost money, I accept that, as paying for knowledge is worthwhile. After all, even Buffett has made wrong choices. However, if losses are due to our own panic, hesitation, or cutting losses too early, impacting our judgment because we couldn't control our emotions, that would truly be a pity! In my last article, many people asked if it would drop below 3400. My thought is that I will increase my position a bit above 3400. If it drops below 3400, I will wait for a stable bottom before increasing my position while managing my capital well, having bullets to use. Even if it drops further, there's no need to be afraid! What do you think? #eth #BTC
How long will ETH continue to fall❓ I started holding ETH in 2021 when I began mining. At that time, I bought more than a million yuan worth of graphics cards for self-mining, and I sold a little to pay the electricity bill, keeping the rest. I didn't expect these past few years to have experienced several roller coasters: in 2021, the bottom was over 800 after peaking at over 4800, then it went up to over 4000 twice, before falling back to over 1300, then a few months ago it reached over 4900, and recently it has been fluctuating between 3000 and 4000. In 2022, the ETH/BTC exchange rate peaked at around 0.08, and I also reallocated to BTC, but later returned to ETH when it hit a low. However, this round, ETH is indeed not performing well; its increase is less than that of BTC and BNB. But I want to say that as long as the bull market is still on (if you think the bull is over, please ignore the rest), ETH might be the last to make a move. Why? The fundamental reason for a real bull market is definitely liquidity. This round, BTC and ETH have reached recent highs mainly due to bullish expectations and ETF capital involvement. The amount of capital from ETFs cannot be compared to the massive liquidity from the US dollar, so just imagine the potential future highs! So why has ETH not risen as much as BTC since coming down from over 4900? Previously, it was driven by the capital from treasury companies entering the market. Everyone needs to understand that companies like MicroStrategy that firmly hold a certain currency are rare, as many are just trying to ride the hype to boost their stock prices. Why do companies like Bmnr and Sbet buy ETH instead of BTC? This is worth pondering! Why have only BMNR continued to buy ETH while other companies have stopped? Because they are not committed ETH investors; when the price goes up, everyone rushes to buy, but when it falls, they all freeze, a typical retail investor psychology. Therefore, it is necessary to kick out the uncommitted holders. BMNR aims to hold 5% of the total ETH, and currently, it is already over 3%. Have you noticed that 3800 is the majority purchase price of their ETH, just like the strategy for over 60000 back in the day? When the whales have had enough, that will be the moment to take off. Building a position may take a long time, but the takeoff could be just a few days? They won’t give you a chance to get on board. So if you are like Tom Lee and a die-hard ETH fan, please hold on! History may repeat itself, but it won’t necessarily play out the same way; not every round will ETH be the first to charge; this round might be trailing. BlackRock's staked ETF has not yet been approved, and in December, ETH is about to undergo a major upgrade. This month just saw a 25 basis point rate cut, and in December, there is also a possibility of #ETH #BTC .
Is the bear market coming?! Recently, many people in the square have been saying that the bear market is here because the four-year cycle is about to end. Some people are eagerly awaiting the altcoin season, but it hasn't arrived yet. I have my own views to share with everyone, and I welcome everyone to discuss together! First, to give my perspective, I believe this bull market is not over yet. In the last bull market, BTC rose from a low of 3156 to 69000, more than 20 times, and ETH rose from about 81 to 4868, nearly 60 times. With the increase in market capitalization, the multiples in subsequent rounds will definitely decrease, but the current multiple is still not enough. This round, BTC has a low of 15476 and a high of 126199, about 8 times. This round's high is not double compared to the last round's high. This round, ETH's low is 881 and high is 4956, less than 6 times; compared to the last round's high, it's just a bit over double. If we follow this path, either we aren't in a bull market now, or if we are at the tail end of the bull market, then there won't be a bull market in the next round. Many people in the square have already realized dozens to hundreds of times returns and have exited, saying they won't catch the tail end because others have reached their profit expectations and there’s no need to take risks anymore. The recent big drop has left me with the biggest feeling that there may not be a full altcoin season this time because there are too many altcoins, and only some will see hundreds of times growth, and that will happen in the short term without the previous cooperation of Bitcoin's surge. The recent crash also reminded everyone that Bitcoin is king; so many altcoins dropped more than 90% overnight, but only Bitcoin can rebound in a short time. I mainly focus on ETH; taking ETH as an example, the overall position of companies like BMNR, SBET, and BlackRock is around a cost of about 3800. The news and insights we can see surely aren't as many as theirs. Recently, BMNR has been continuously increasing its position, so brothers with funds can consider buying a bit; this is at the same cost line as the big players. Finally, I want to say that the Federal Reserve's interest rate cuts are not yet in place; a flood will come. Let's set a higher target for ETH, 10000 is just over double the last round, following the big holders and holding onto our chips, quietly waiting for a promising future. #ETH #BTC
Did you bottom out today? Do you feel like you've missed out on a few hundred million?! After getting up today, I found the ETH price over 3800, it feels like it dropped a lot yesterday, from 4390 directly to 3800, nearly a 15% drop. I opened the candlestick chart and saw that it dropped to a low of 3400 around 5 AM, then quickly pulled back to over 4380, and then dropped again to over 3800. To be honest, I'm a bit confused! Fortunately, I increased my margin last night, and the liquidation price dropped from over 3000 to over 2100. However, thinking about it still makes me a bit scared, so I quickly added more margin, and the liquidation price dropped to over 500. I looked through many altcoins, and some even dropped over 99%, almost to zero, it's really something I've never seen before! I hope when the bear market comes, it won't be this exaggerated! It used to be said that one day in the crypto world equals ten years in the human world; now it should be changed to one night. I just shared a lot of feelings; next, I'll share my thoughts. Those who could pick up chips at the bottom last night were definitely in the minority. The biggest arbitrage opportunities among mainstream coins last night were WBETH and BNSol. You can check the candlestick charts for these two mainstream coins; the trading volume at the bottom was not much. Additionally, many bloggers online last night said that there were also system failures, making it impossible to transfer margin and trade. So, last night, as long as you didn't bottom out and didn't heavily invest in altcoins, you were a big winner because last night, I don't know how many people had to exit the crypto world. The reason for the black swan last night was that Trump's post was just a trigger; the real culprit was the USDE decoupling. Many people say the bull market is at its end; I want to say no, this may just be the beginning. The mainstream coin that performed the best this round is BNB, which has doubled from the previous peak. ETH and SOL have just barely broken through their previous highs. If this bull market ends like this, will there be another bull market next time? I mainly hold ETH. Many people say that the peak for ETH this round might only be around 6000 to 7000. I want to say no; everyone can look higher, starting from 10,000 USD. Now at over 3000, it is very likely just the beginning. Previously, I followed a blogger with the number #汪 who got into a BNB contract at over 1160 while the price was over 570, exiting after two years with over 15 million after entering with over 1 million. His experience has taught me that we must have patience and hold our positions. Many people have held lower prices than him, but how many still hold now? The last round's peak for BNB was 691#ETH .
Plasma $XPL team is the original crew of Rug chain Blast! 1. Plasma has almost no relation to Tether; the Tether co-founder only personally invested $50,000 in Plasma during its $24 million valuation round. 2. The main operator of Plasma is Framework Ventures, and what makes this VC and team particularly strong is that they have created an information gap, packaging it as Tether's favored child. 3. The entire team basically has no payment or stablecoin genes. Plasma's current model is almost identical to Blast's, which is to find a hot track, then latch onto a big leg, and attract deposits. Then they issue tokens and call it a day. As for the virtual card (U-card) business, it has no differences from all U-cards on the market; being downstream in the payment chain, it will still be choked if necessary. 4. Pacman (Chinese name 铁顺) has fallen out with all the original team members; except for 铁顺, the main members have come out to create Plasma. 5. The Blast team, other than Pacman who has publicly identified, has not revealed other team members. Thus, none of Plasma's team members have any relevant experience with Blast on their resumes. 6. Well-known KOL "无畏" reported that during discussions with key figures at Tether in South Korea, they stated that Plasma has no direct relationship with Stable and us; just take a look.
How much longer can xpl rise? What price should I sell the xpl I have? Can I still enter the market at this price? Recently, it seems that xpl has allowed many people to make money, such as the 1u ICO airdrop with 9000 xpl, currently valued at 10,000 u, a ten-thousand-fold return that makes many people envious! What I want to tell everyone is, don't be envious; there are not many who got the ten-thousand-fold airdrop for 1u. Why? Because when Plasma went online, it was all about grabbing it, and it was gone in a few minutes. This means it was basically snatched up by big players and those with insider information. Those with money all got their full amounts; those who only got 1u were those whose allocation was only 1u. You can check the on-chain holding situation; the top 100 addresses hold 90.75%, and the profits of the top 100 addresses are clearly greater than the losses, with holdings being very concentrated. The groups that received xpl rewards are mainly holders of bnb and alpha airdrops, accounting for 1.25% of the total issuance, as well as those from ICOs. However, most of these individual players sold as soon as they received their allocations, leaving the big picture to a few. So who are the ones holding now? Mainly the manipulators and some big players. If retail investors do not follow and buy in, the decline will start. For those who currently hold coins, it is recommended to sell at highs; the manipulators may act soon, and a significant drop could occur. For those who have not entered the market, it is not recommended to do so now; the current circulating market value has already exceeded 2.3 billion dollars. Even if it doubles for you, this is the last piece of meat, and it's not easy to eat! #xpl
Who is promoting Plasma (XPL)? Yesterday, the XPL contract surged from around 0.6 to about 1.45. Many people say it’s because the project team has a strong background and is a favored child of Tether. In fact, a significant reason is the generous trading competition rewards announced by the official team. However, which project isn’t hyped when it first comes out? If they don’t create hype, how can they liquidate? Is the project team raising the price just to benefit retail investors? Currently, there are over 60,000 spots left in the trading competition, with a total of over 160,000 participants. The rewards range from 4 to 24 XPL, to be distributed in two weeks. The more people participate now, the fewer rewards will be distributed later; we are currently close to the lower end of 4. There are already many participants, and the estimated reward is around 10 XPL. The price isn't rising in a straight line now; if participation continues poorly, one might get stuck. The price of XPL in two weeks will definitely not be higher than it is now. Is it worth risking getting stuck for a reward of 10 XPL, equivalent to about 10 USD? The Binance Alpha event allows claiming short positions with just 100 points this afternoon, which can be sold for over 200 USD at the current price. This afternoon, there will be another wave of concentrated selling pressure. The current market value is already very high, and the probability of a drop is significant. Everyone should tread carefully! #xpl
Brother, what are you after? You've been averaging down on your short position, and now you see 4200 while your cost is 4400. After holding for so long, you're only making a 200 price difference. If you truly see it going to 6000 or higher, wouldn't it be more cost-effective to go long now?
七大爷
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Bearish
Personal opinion, ETH is likely to pull back after breaking the previous high, and the pullback may exceed expectations. Therefore, I started a short position at 3900 and have shorted 60 ETH at a cost of 4137. I made a rather bad assumption that it would go straight to 5000. So I plan to short 5 ETH around 4500, short 5 ETH around 4600, short 5 ETH around 4700, short 5 ETH around 4800, and start shorting 10 ETH at 4900. This way, I will short 100 ETH around 5000, averaging down to about 4400, and at least wait until 4200 to close the position! Hang in there! The market is always like this, there is no perpetual rise, nor is there a perpetual fall #ETH突破4400
Did anyone take the big needle from Ether just now? I have already told you in the previous article that looking back is an opportunity. The bigger the wind and waves, the more fish there are. #eth #btc
Eth is back as the king❗️What will happen after the ETF is approved tonight⁉️Will it continue to rise❓Or will it fall for a few days like the big cake❓No matter how it goes, I think ether below 4000 can still be picked up. What if it pulls back? It is recommended that those who have not boarded the ship can hold a small position. If it falls, watch and make up. If it rises, it is better to make some money than nothing! I haven’t posted for a long time. If you agree, please give a thumbs up to encourage me. #以太坊ETF批准预期 #eth
Bitcoin has pulled back too much⁉️I have been telling you since March 15th that Ethereum has pulled back by at least 30%, and Ethereum has rebounded several times in the meantime. Many people say that it can't fall any further, but what I want to tell you is that a real bull market requires enough profit margin to start. Don't say there is no black swan. Those that can be predicted in advance are not the real big bad news❗️Can we buy the bottom now⁉️Be more patient, the real big opportunity is coming❗️#eth #btc #大盘走势
Is Ethereum in place? This kind of blunt knife-cutting method of falling is obviously not in place. How long will it fall? The lower it falls, the greater the space for this round of bull market. If you are a banker, how much would you want it to fall? In the last round, the lowest price of Bitcoin was more than 3,700 to more than 69,000, nearly 20 times, and the price of Ethereum was 86 to more than 4,800, more than 50 times. I think the lowest point of Ethereum in this bull market should go up by at least 10 times, otherwise this bull market will feel meaningless. In the A-share bull market, many of them are more than 10 times. Everyone wait patiently, it is not in place yet. #eth #btc #大盘走势
Has Bitcoin and Ethereum fallen to the right level? Last time I wrote an article to remind everyone that this correction has not been in place. Some people commented that it is impossible to see Ethereum at 3,200 again. Last night, it dropped to 3,100. In this market, you really can't eat hot tofu in a hurry. You need to be patient. All the news in the market is delayed, and it is also deliberately shown by the dealer. When will this round of decline be in place? I personally think that Bitcoin and Ethereum will continue to fall. Everyone should be more patient and keep more bullets! Welcome the big bull market after halving #比特币减半 #大盘走势 #btc #eth
Is it going to start a big rise‼ ️Can ETH still go below 3,000⁉️Recently, non-agricultural data is bearish. Today, many fund companies applied for Bitcoin ETFs in Hong Kong. In fact, these news lag behind the market. If it rises too much, it will fall, and if it falls too much, it will rise. This is the eternal iron law. Through this round of bull market, Bitcoin's target price is 150,000, and Ethereum's is 15,000. Bitcoin has not been halved, but there is not much room for this round of bull market. It is obviously unreasonable! In previous bull markets, not to mention the big drop before halving, there have been many 30% retracements, but there has not been a retracement higher than 30% since the beginning of this year, which is obviously unreasonable. Don't look at the 7% increase in Ethereum today. It rises quickly and falls quickly❗️Be careful of a big drop❗️#eth #btc #非农数据 #大盘走势
Is this a bullish inducement⁉️ Before the bull market, based on the historical growth pattern of each previous bull market, the institution gave 150,000. The recent increase has been a bit fierce, and someone has given a target of 20-22. Based on this, it has not been halved. There is only 3 times the space left in this bull market pie. Do you believe it❓❓❓#BTC #ETH
ETH has begun to pull back. The pullback I told you last time is an opportunity for us to get on the train again, but it has only started to fall now, so don't worry. If there is a true correction, it will take at least more than a week, and the correction may be around 30%. Don’t run out of bullets in advance. #ETH✅ #BTC #arkm
I would like to share some of my thoughts on ether. Recently, the bullish power of ether is not very strong. Some people may say that ether is no longer good! When the big pie first came out, everyone called this circle virtual currency. After the emergence of smart contract chains such as Ethereum, the name of the circle was changed to the encryption circle. Since then, the encryption world has become more and more valuable. At the peak of all bull markets, The total market value of all coins except the pie is becoming higher and higher. The proportion of the pie in previous bull markets is getting smaller and smaller. The proportion of Ether is increasing. The data is enough to illustrate the growth potential of Ether! In addition, ether is known as the king of chains. Of course, some people say that sol may replace ether because sol chain gas is cheap and fast! However, many people may have ignored the ecology on Ethereum. Many large-market currencies such as horseshoe, op, arb, etc. all benefit from serving Ethereum. It is impossible for these on-chain ecology to be replaced in a short time. Some people may also I will refute it. It is possible after a long time. In fact, this is like the Internet. It is enough to have a boss. There is no need to repeat it! Unless sol is completely different from ether! Why has Ether not grown as much as Sol and Big Pie in recent months? I think it may be because the ecology is not active, and everyone is playing with NFTs and inscriptions on Big Pie. Sol is mainly hyped by old Americans. After all, the plate is small and the performance is better than before, so it can naturally be speculated. But I think the ether will take off soon. Two reasons: 1. Cancun will be upgraded immediately, which will help the development of the on-chain ecology. 2. If the next Ethereum ETF passes, it may bring purchasing power equivalent to the pie. If the lowest level of the current bull market is 10 times, then Ether may be at least 20 times. If it is 20 times, the high point of the current bull market for Ether may be around 17,500~18,000 US dollars. I think 20 times is still more reasonable and not too overvalued. many! Someone said before that it was $10,000. I think this price may be a bit low if the two conditions mentioned above are met. If we assume that the current level is 17,500-18,000, then Ethereum may have more than 4 times the profit in the next year. Of course, there may be a black swan event that causes a correction, but based on the previous event callback reference, the limit drops to about 30%. (Character limit, please read the comments section for continuation) #ETH $ETH