The long-short ratio in the last 24 hours is 0.7, with bulls accounting for 41.29% and bears for 58.71%. The market bears are unwilling to back down, with high points being crazily stacked with short positions. However, short positions in the futures market are frequently being liquidated, making it hard to suppress the market. Institutions are buying spot to go long and making significant profits, while retail traders are following suit for small gains, and large traders are frequently thwarted in their short positions.
Today, a total of 158,185 people have been liquidated globally, with a total liquidation amount of $586 million, and $364 million in short positions have been liquidated.
BTC
BTC continues to fluctuate, and the trend aligns with my predictions. Yesterday, I planned to go long around 117,500, and last night it just hit that position, then fluctuated upward. Currently, there won’t be a significant drop; ETH is soaring, and the upward fluctuations are the best trend. Those who followed in to go long have already gained two to three thousand points.
The Bitcoin whale has transferred all 80,000 BTC to Galaxy.
At the beginning of this month, a Bitcoin whale wallet that had not moved since 2011 awakened, transferring 80,000 BTC to a new wallet, marking the largest fund movement since the 'Satoshi era' and attracting market attention.
In the past week, this giant whale has gradually transferred 80,201 BTC to Galaxy Digital, with a single-day transfer of 40,192 BTC on July 18. The whale chose institutional channels instead of direct selling, possibly to diversify selling pressure and reduce market impact. On-chain data shows that after small trial transfers at the beginning of July, large transfers were completed on the 15th, 17th, and 18th.
Some are worried that more OGs selling might depress prices, but others believe that asset flows into the open market are a long-term benefit for decentralization. Although BTC has recently pulled back, it remains strong. The U.S. House of Representatives passed three cryptocurrency bills (GENIUS stablecoin, Clarity regulation, anti-CBDC law) on the morning of the 18th, further boosting the market.
ETH
ETH has been on a strong upward momentum recently, hitting new highs repeatedly, with a large influx of institutional funds. BTC's fluctuations provide an opportunity for ETH to catch up; ETH has not disappointed, and the upward momentum remains strong. Do not short it. Currently, there are no signals of a peak, and it may break through 4k overnight. Continue to be bullish on ETH; altcoins also have opportunities, and any pullback is a chance to go long. Keep pushing forward!
When to sell ETH
For long-term players, if ETH is at the beginning of a bull market, there is no need to consider selling at this time; at least it's a matter for next year. For medium to short-term players, 4000 points is a key resistance level. Multiple high points stacked after doubling from 2100 points represent a normal pullback of 20%-40%, which fluctuates significantly and requires close monitoring.
In the past few days, the cryptocurrency market has undoubtedly left a deep impression on everyone: almost everything you buy is rising. Isn't that the feeling of a 'bull market'?
Perhaps some people are still entangled in Bitcoin's double-top pattern, or feel that Ethereum is just a flash in the pan... But under the current trend, I believe it's meaningless to debate whether we are in a bull market, bull tail, or bear market. Especially when everyone around you is urging you to stay in cash and short, you must decisively stay away.
$LDO
Currently, the long position entered around the price of 0.91 has gained 328.11%.
BTC represents the trend, while ETH represents the opportunity.
Ethereum is now soaring, and new opportunities have emerged. Whether you can seize this chance will determine the final gains of this bull market. There are still many opportunities to look back and get on board; I hope my friends seize the chance.
