The Ethereum founder has liquidated his holdings, and the market is shifting dramatically! Investors holding ETH should be cautious. Co-founder Jeffrey suddenly transferred $260 million worth of ETH to exchanges last night, almost clearing out his holdings.
This is already his third time accurately escaping a peak—last March he cashed out at $3,800, and six months ago at $3,700, each time right at the top. This time he doesn't even want the last position, indicating that ETH is likely at its peak. From historical data, ETH has risen from $1,390 to $2,736, nearly doubling, which aligns with the crypto circle's mantra of 'doubling means peak.' Although some believe Ethereum can rise to $3,000, my advice is: holders should reduce their positions around $2,700, greedily aiming for just 10% to $3,000 before pulling out; don't wait until there's a crash to regret it.
What's crazier is that a giant whale went long with 40x leverage when Bitcoin was at $111,000, with $800 million in capital that would get liquidated if it drops below $100,000.
This guy just went all in when Bitcoin broke through earlier this month, and now that he's made 50%, he's quickly taking half his position off the table. His actions are quite wild. However, his predictions align with on-chain data—Bitcoin's greed index is at 75, and historically, it might peak at $115,000 to $120,000. But this time is special; Wall Street is pouring in funds through Bitcoin ETFs, attracting nearly $10 billion in a month, which has kept Bitcoin propped up at a high of $112,000. Based on this capital influx, the top could really push to $140,000, but a sharp drop will inevitably follow.
The latest actions from the Federal Reserve are even more alarming. The third-ranking official, Bostic, clearly stated that there will only be one rate cut this year, and New York Fed President Williams is even more hawkish, insisting on no rate cuts and continuing to shrink the balance sheet. The U.S. bond market has also exploded; the 30-year Treasury yield is back to 5% after two years, which means borrowing $1 million will require repaying $50,000 just in interest each year. Moody's has already downgraded U.S. debt from AAA to AA, and there was a $72 billion Treasury auction failure at the beginning of the month, indicating no one is willing to take on the risk. These signals are all warning that the U.S. economy can't hold on much longer, but the Federal Reserve is determined not to save the market.
Current operational strategy
Funds are still pouring into Bitcoin ETFs, and in the short term, it may surge to around $115,000, but at that position, one must decisively take profits. Mainstream coins like Ethereum and Solana are nearing the doubling curse zone, so I recommend reducing positions and observing. Smaller coins can still be played; for example, both Pepe and Sol that I bottomed out on this afternoon have risen by 5-10%. Once Bitcoin peaks, we can continue to chase the rebound. However, remember that the current market risks far exceed those of the past; under the interplay of Wall Street whales and the Federal Reserve, the market could change at any moment, so don’t leverage long!
I am KK, the God coin, supported by a top-tier team, only serving ambitious madmen (serious inquiries only).