Ethereum skyrocketed 40% in 72 hours! Douyin hot search exploded, is it an opportunity or a deep pit?
The **Pectra upgrade** on May 7 directly boosted ETH! The staking cap jumped from 32 ETH to 2048 ETH, allowing large holders to stake without having to break down one asset to cover another;
Account abstraction (EIP-7702) allows novice users to easily navigate smart contracts, and transaction fees have decreased! This move has directly upgraded ETH from a 'tech geek's toy' to a 'mass payment tool', how can the market not go crazy?
Even more impressively, after the launch of **Verkle Tree technology**, the Ethereum mainnet's speed has skyrocketed, with theoretical TPS reaching 500, and it can be even more powerful in the future! Even Vitalik has personally endorsed it: 'This is what a true blockchain revolution looks like!'
- Starting May 8, short sellers collectively staged a 'rooftop queue' drama— in just three days, they faced liquidations totaling $437 million, more than double the amount liquidated from long positions! As prices rose, short sellers had to frantically buy ETH to cover their positions, resulting in a 'short squeeze spiral', pushing ETH prices sky-high!
- Even more astonishing, the open interest in futures contracts surged from $21.2 billion to $26.7 billion, with financing rates climbing rapidly, clearly indicating: it's all about the bulls now!
Huge whales are frantically buying: should you follow the big shots or be used as bait?
- On-chain data reveals that those holding **more than 10,000 ETH** started secretly accumulating stock by the end of April! Glassnode confirmed: these people collectively hold over 40.75 million ETH, setting a record high since March 2025. When the big players are investing real money, how can retail investors not follow suit?
- But don’t rush in! Last year, whales played this game before the LUNA crash, and what happened? Many ended up on the rooftop...
My heartfelt advice: three iron rules for survival!
- **Only use spare money**: Never leverage your house or car, the crypto market can turn on you faster than flipping a page!
- **Absolutely do not leverage**: 100x contracts are fun for 10 minutes, but a liquidation will make you cry for a lifetime!
- **Don’t get overly emotional regardless of gains or losses**: Earning leads to partying with young models, losing means working on construction sites; if your mentality collapses, it’s all over!
**Remember**: There are no gods in the crypto world, only survivors. You can join the celebrations, but always leave an escape route—after all, your hard-earned money is more precious than any candlestick chart!
