The weekend should have been a rest day, but in the crypto circle these last two days, it's impossible to be quiet:
80,000 Bitcoins 'coming out'! The coins suspected to be operated by the old ZJ trader have been taken over?
Last night, eight ultra-ancient BTC wallets from 2011 suddenly woke up, each address transferred out 10,000 BTC, totaling 80,000 coins, about 8.6 billion USD, shocking the market!
Rumors say these coins are hoarded by a certain 'Northern ZJ trader' who 'disappeared' for nine years due to past events. Recently he stated: 'Whoever can help me recover the private key will receive 5000 BTC as a thank you.'
The authenticity is hard to verify, but the on-chain data is indeed moving. Even more outrageous is that this batch of coins was tested with the private key on the BCH chain before transferring out BTC!
Coinbase executives comment: it's not like institutional operations, but rather the private key has been 'taken over'.
Currently, this batch of BTC has not yet been sold, but risks have already been buried, and the industry is calling for increased regulation and risk reminders for early whale wallets. This wave of transfers may even be larger than Mt. Gox's selling pressure!
The conclusion is only one: **'Dormancy' is not 'safe'!** In the digital age, the most expensive cost is — 'you think it will never move'.
Bitcoin's pullback reached 107K as expected, after the rebound, the key look is at 112K.
Currently, the BTC price is fluctuating around 108,200, and the pullback to 107,000 yesterday completely matches our prediction.
As the main players rest over the weekend, the market is temporarily dominated by retail investors, and the trend is slightly bearish.
Key observation points:
Strong resistance level above: 112,000, multiple cycles have shown divergence; if it hits a new high again and is blocked, be careful of a pullback;
Support range below: 106,000~107,500, short-term trading should pay attention to the rhythm, beware of 'false breakthroughs'.
V God speaks: if it doesn't change, can ETH survive?
Ethereum really is 'playing dead' this round.
The last round flew with DeFi, this round wanted to survive with Layer 2, but the TVL and trading volume were all taken away by Base, Arbitrum, and OP, making the main chain even colder.
V God recently made a rare statement: if 'decentralization' is just a slogan, Ethereum might not survive at all.
Currently, ETH is stuck under the neckline resistance of 2855. A couple of days ago, it aimed to pull back to the support at 2522, but it dropped to a low of 2477, breaking down a bit more than expected.
Rebound target: short-term look first at 2544, if it can strongly break above 2600 later, it has a chance to strengthen; otherwise, it may still probe new lows.
Trump's rhetoric strikes again, this time hinting at a 'global tax'? The crypto circle has become a punching bag.
Just as the US stock market is on break, Trump has another 'big news':
'I am considering advocating for a global capital gains tax, up to 70%.'
Before any real action, the market got scared first. The secondary market just rose for one day, then it returned more than half; the rhythm depends entirely on talk, and the volatility depends on luck.
Attention in the primary market has been fully drawn back, retail investors can only watch the secondary market for harvesting.
Altcoins are dancing chaotically, ECHO pulled out and then surged, Bonk series ignited randomly!
#ECHO thought I would wait for a rise, but as soon as I entered, I was washed out, then it took off, a complete set of harvesting process was fully applied.
Alpha projects currently lack vision, all are bots brushing trading volume, don't touch them.
BSC's popularity soared today, $CA, $GRDM, $EGLI, $LIBERT took turns driving the market, the core is 'whoever gains momentum first sets the rhythm'.
Key focus: The results of project $B are about to be announced, hitting it right will be a big hit, if not, then just watch the show.
The Bonk ecosystem is chaotic today, chasing this drop and that one, old coins are taking turns going crazy, 'demonic energy' is overflowing, and the operation difficulty is extremely high, be sure to control your positions!
Final reminder:
A rebound is not the bottom; the real bottom will not rebound.
Recently, market fluctuations have intensified, fundamentals are unclear, and news is chaotic. Holders need to guard against sudden black swans, and those doing short-term trading should manage profit-taking and stop-loss carefully, without being misled by illusions or distracted by the rhythm.