Catch the bottom of $KERNEL | CipherX on Binance Square

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Catch the bottom of $KERNEL 

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Longs are getting liquidated again. In the past 24 hours, $365.4 million worth of longs have been liquidated. This comes after the Iran-Israel war escalated last night. The good thing is that large liquidations often market the local bottom, so a dip buying opportunity is waiting in the corner.

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Altcoins had a big move last month and are now going through the accumulation phase. This reminds me of Q4 2023 when the alts had their first major move and everyone thought that the rally was done. Two months later, Alts went on to another rally which lasted for 4-6 weeks. During that, blue-chip alts pumped 2x-3x while mid and small caps pulled 10x. This time, I'm expecting something similar. Alts will consolidate here for 1-2 more weeks, before a breakout.

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20x Bitcoin whale is increasing his BTC long position. Yesterday it was at $300M and now the long position is over $415M. He's still sitting on $4.3M in unrealized gains and the liquidation price has increased to $103.2K I certainly think that he's expecting Middle East situation to de-escalate, and betting big on it.

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$ETH massive bull flag formation 🚀 This is the exact opposite set-up of Feb 2025, which dumped ETH from $3K to $1.4K in 2 months. Back then, ETH momentum was fading and it was in a downtrend. This time, ETH is gaining momentum and forming higher lows. I'm convinced that ETH will hit $4K by Q3. In that scenario, alts will have a face melting rally.

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$ETH has been consolidating for almost 6 weeks now. It had a major breakout in May, which resulted in an immediate 50% pump. Since then, ETH has lost its momentum but the fundamentals are looking good. Recently, Ethereum surpassed Solana in DEX volume and 24H chain fees for the first time since Q3 2024. On top of that, stablecoin activity on Ethereum is rising too. Looking at the daily RSI, it looks like a clean retest and bounce. I think $ETH could rally towards $3K this month, and will possibly break above it. After that, $4K will be just a matter of time.

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