🚨Sun Yuchen splurges $1.7 billion to buy Ethereum; is it bottom fishing or a trick?
Sun Yuchen is making big moves again! Since February, he has been buying Ethereum like sweeping the floor, accumulating nearly 560,000 ETH, spending $1.7 billion! Does this operation feel a bit familiar? Yes, he did the same in 2021, bottom-fishing at $2,509 and later cashed out at a high position, earning $2.5 billion!
What’s the secret behind this operation?
1️⃣ The average buying price is between $3,050 and $3,100, indicating he believes this is already the "floor price."
2️⃣ It’s possible this is a chain strategy: driving up the spot price while secretly laying out short positions in futures.
3️⃣ What’s even bolder is that this time he bought at several hundred dollars more than last time, possibly betting on ETH reaching $5,000+!
What should retail investors do?
• Want to follow the trend? Remember $3,050 is his cost line; be careful if it falls below that, he might run first.
• Never go all in with high leverage; when the big player manipulates the market, you could get liquidated.
• Pay attention to two points: when he starts selling and whether the ETH/BTC exchange rate can break key levels.
In a nutshell:
The big players can withstand the volatility, but we cannot. Want a piece of the action? Remember the three-word mantra: Don’t get carried away!
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