Previously, the last 15% of Ethereum that failed to buy at 2100 points has been fully purchased below three thousand today. With Ethereum stabilizing above 2800 points on the daily line, and the Ethereum Foundation losing its role as the largest holder of Ethereum, the essence of the market has changed. Thus, Uncle's average position in Ethereum has reached 1840 points, and the position ratio has exceeded that of Bitcoin, ranking first in personal assets.
Yesterday, I made it very clear when updating the content that market pullbacks provide us with opportunities. Today, as expected, it dropped, with Bitcoin's high point down 6%. The mentioned daily high altcoins also fully dipped. Those who aggressively bottom-fished in this wave generally conservatively captured a five-point profit, and objectively, Uncle believes that even if Bitcoin dips to fill the 115,000 point CME gap, the probability of most altcoins breaking previous lows is already very low.
The reason the market is so excited, apart from the controversial Ethereum Foundation's end of the Ethereum holding seat, is that we finally see a similar occurrence to the sporadic A9-level genius traders in the secondary market at the end of 2020. At least from yesterday to today, there have been no less than five people around Uncle and on Twitter who made millions in single-coin positions, with a single account accumulating an A9-level record of asset performance over two years. Community assistant Liang Hui, under the alias Binance-Coin, shocked the entire offline circle with a weekly performance of 39 times.
At 8:30 PM, the CPI data was released. The year-on-year and month-on-month CPI for June in the US met expectations, with inflation slightly rising due to tariffs. However, the adjusted core CPI month-on-month and year-on-year were both greater than the previous values but less than expected. In simple terms, the inflation impact from tariffs is decreasing, and the consensus among the entire financial market and the Federal Reserve is that interest rates will continue to drop within 2025. As all adverse factors decline, the further back in time we go, the greater the market opportunities will be.
Uncle can say with certainty that once the interest rate decision is announced at the end of this month, the trough period of the crypto market will come to a complete end, replaced by the anticipation of the interest rate cut cycle from September this year to June next year. This, along with necessary strategies and self-awareness, will ultimately determine what results we can achieve in this cycle.
So regardless of how bleak our previous experiences were, in the coming months, a long-term bottom is being constructed, and I hope everyone gradually regains the confidence that has been lost.
Yesterday, the net inflow of Bitcoin spot ETF was 297 million USD, and the net inflow of Ethereum spot ETF was 259 million USD. The macro demand for Ethereum continues to remain extremely strong. The only thing we need to be cautious about is that the OTC turnover of Bitcoin reached a temporary high yesterday, with more than half of the institutions choosing to take profits. Coupled with some ancient large holders selling in units of ten thousand, Bitcoin is likely to form a temporary top.
The crypto market has been growing amidst paradoxes and breakthroughs in cognition. The true miracle of compound interest is the painful experience multiplied by the iteration of understanding. The only vessel to traverse between bull and bear markets is the backbone of asset allocation coupled with the ballast of cash flow, while the essence of excess returns is cognitive arbitrage: staying awake amidst collective madness and going crazy amidst absolute rationality. Everyone, let us constrain our surging energy with rationality and allow our burning beliefs to pierce through the darkest ice rivers!
BTC: Bitcoin currently has an unfilled CME gap around 115,000 points on the daily level. Coupled with the turnover of ancient large holders, there is a logical risk of a dip to fill this gap. Technically, Bitcoin formed a long upper shadow yesterday, and the subsequent pullback has weakened the overall technical pattern. Overall, Bitcoin continues to reach new highs, but will appear somewhat weak until new liquidity is injected. Attention should be paid to the gap area between 11,300 and 11,500 points at the bottom, with a focus on replenishing L1 ecological tokens after a synchronized pullback.
ETH: Ethereum's pullback appears slightly weak, and it rebounded quickly after tonight's news. Altcoins are feeling the heat a bit. Logically, if Bitcoin continues to dip to fill the gap, Ethereum's linkage will be the market's natural response. At that time, synchronizing the lows, the last position that failed to replenish can continue to be filled. The ideal market situation would be Bitcoin oscillating while Ethereum funds relay, hopefully without any unexpected issues.
Altcoin market: The pump has officially begun. Both market cap and coin prices are currently in a reasonable range. It’s best to wait for the main forces to choose their trading strategies before intervening. There are many altcoins that can be replenished, so everyone should stick to the principle of only investing in top projects, focusing particularly on the L1 sector, as historical experience often shows that L1 becomes the first sector for capital injection.
Other issues can be discussed in the comments section.
The Fear and Greed Index is at 73 today.
Finally, stay away from leverage and stock up on spot assets! #CPI数据来袭 #比特币巨鲸动向
