Today, I'm going to talk about 5 wealth codes! Let's dive in; at least 3x returns. Let's start now!
First, the following three coins are about to unlock a large amount, so it's a no-brainer to short them. However, before that, you might want to take profits on your ZRO short position. Because I'm sure everyone saw last night's ZK, right? The unlocking was completed, and the negative news was fully priced in, leading to a rebound. In just two hours, it surged more than 10%, while Bitcoin was actually falling at that time.
So, the ZRO coin should start to surge after the unlocking is completed on the evening of the 20th, which is Friday night. Therefore, we can consider taking profits on our ZRO short position before then, and aggressive traders can open a small long position on the unlocking day. At that time, with the negative news fully priced in and short sellers exiting, the coin price will rebound.
However, Shuqin wants to tell you that this is not over yet; the story of ZRO is still ongoing. If you look at its token model, it has now entered an unlocking cycle, where 22% of the current circulating supply will be released on the evening of the 20th of each month, which is a significant selling pressure.
Especially since the unlocking here involves team members, investors, and VC shares, once they receive the coins, they will definitely sell to take profits. Therefore, in the two weeks leading up to the 20th of each month, we can set up low-leverage short positions for ZRO, shorting until the unlocking day, which is definitely a wealth code.
We have shorted ZRO several times in the past two weeks, and the results are evident. Many traders have reported profits to me, including ZK as well. We have been shorting since two weeks ago, and the strategy is very clear.
Another wealth code is Trump, which is also about to see a large unlocking. On July 18, 25% of the current circulating supply of tokens will be unlocked. After that, Trump will also enter a super unlocking cycle, with continuous unlocks every day and every month. This influx of coins into the market will put significant pressure on the coin price.
Moreover, you need to understand that the big whales are definitely aware of this, so they won't buy. If no one buys the dip, the coin price will only go lower. However, the Trump coin is also known for causing trouble and often has some news, so if Trump surges due to some positive news in the coming weeks, I will not hesitate to continue increasing my low-leverage short position.
Hey, why do I say to increase positions? Well, this is because my Trump short position has not been closed yet, you know? We mentioned last month that we would short him on the day of the Trump dinner, as he would experience a sell-off once the good news was fully priced in. So, from that time, Shuqin led everyone to short, when Trump was still at 15 or 16 USD, and now it has been halved.
But I want to tell you that it will drop again because it is about to enter the unlocking cycle, with the first large unlocking on July 18. So in the coming weeks, if there are any highs, it would be a good idea to set up a low-leverage short position.
In addition, everyone can also look at the unlocking situation of other coins. Although not as large as ZRO or Trump, a 3% or 5% unlocking is also a small negative, so if you hold these coins, you should be a bit cautious.
Alright, having talked about the bearish coins, let's discuss the bullish coins.
The first one is Sol, whose spot ETF will have results as early as July, but normally it should be unveiled after September, and it will definitely be approved; there are no surprises. When it is announced, Sol will at least surge by 20%, and then with the influx of capital, it will continue to rise for a week. Therefore, the current market correction gives us a good opportunity to build positions at low prices.
From the K-line perspective, around Sol 140 is a very good support area, and there's a good chance to take a short-term rebound here. However, I'm a bit greedier; I want to see Sol drop below 140 and then directly plunge down, at which point it will truly be a money-grabbing opportunity, depending on whether the market gives us that chance. At that time, related coins like Ray, JTO, and WIF on the Sol chain can also be allocated a bit.
As for Ray and JTO, we talked about them a few days ago, and this morning they surged. Ray surged by 30%, and JTO also increased by 10%. Congratulations to everyone!
Additionally, I've heard that Ethereum's leading staking platform Eigen will go live on the mainnet around the end of June or July, which is, at best, a mild positive. However, I'm more concerned about the approval of Ethereum staking ETFs, which are expected to be similar to Sol's ETF, probably not earlier than July, and should normally be approved by October this year. Therefore, we need to complete our positions by the end of August.
However, the staking feature is just a bonus for the ETF, while the approval of Sol's ETF is a significant change, leading to a much larger price increase. Therefore, in July and August, I will focus more on the layout of Sol and its related ecosystem coins. For short-term contracts, we went long on BTC from the support level of 103500 to 105200 last night, which was very perfect. We are opening positions aggressively every day; if interested, you can come and take a look.
Alright, let's continue. If you've looked at the on-chain data in the past few days, you will definitely be amazed. Everyone, look at the chart. The chart shows the issuance and destruction of USDC, and you can clearly see that the stablecoin USDC has been burning madly in the past few weeks. Look closely; it is indeed a burn, meaning destruction rather than an increase in supply.
This means that the on-chain whales are exchanging their stablecoins for USD or other fiat currencies, which is a clear sign of capital withdrawal. Retail investors who do not look at on-chain data are unaware of this. Bitcoin has such large profit-taking, and the whales are taking profits while retail investors are still fantasizing about an eternal bull market. This is the information gap; if you don't pay attention to Shuqin, you simply wouldn't know.
As for buying the dip, first keep an eye on the 92,000 CME gap for Bitcoin, and the greed and fear index for Bitcoin is also a very good reference target. It should get close to extreme fear for it to be a good buying opportunity.
After that, the cryptocurrency market will likely start a bull run again when the Federal Reserve cuts interest rates in September, and by the end of the year, there will be a Bitcoin upgrade, the approval of Sol's spot ETF, and Ethereum's staking ETF. At that time, it will be a prosperous era for the cryptocurrency market, and I must seize this opportunity!
