The crypto circle has exploded recently! 97% of ETH players are making significant profits; is this surge a windfall or a trap?

'This wave of Ethereum is directly enshrined!' — When on-chain data showed that 97% of ETH holders were in profit, the entire crypto circle erupted. It’s worth noting that the last time such a spectacle occurred was when Bitcoin surged to 70,000 dollars. However, behind the data, a capital game with undercurrents is unfolding.

Three major signals exposed: This surge is definitely not a coincidence.

Whales have already 'locked in their positions'; are retail investors still hesitating?


The on-chain platform Sentora's concrete data is shocking: only 1% of ETH addresses are in loss, while 97% of players are already in profit. More critically, the holdings of the top 100 whale addresses have reached an all-time high, while retail investors' panic selling is being 'fully absorbed' by institutions.
A real case in point: A certain on-chain analyst tracked a whale address that bought ETH with 20 million dollars three months ago; its current holding value has soared to 120 million, yet the address has not sold a single coin. Does this operation resemble the way institutions quietly accumulated Bitcoin in 2020?

Is the Ethereum ETF coming? History is repeating itself.
Bloomberg's latest revelation: The SEC has secretly met with institutions like BlackRock and Grayscale to discuss the technical details of the ETH spot ETF. Remember how BTC surged from 20,000 to 70,000 before the Bitcoin ETF was approved in 2023?
My viewpoint is clear: If the ETH ETF is launched, the influx of funds could be even crazier than BTC. After all, Ethereum is the king of smart contracts, with DeFi, NFT, and Layer 2 acting as 'money printers' in its ecosystem.

Technical analysis reveals a 'golden signal': Is ETH set to break away from BTC?
In the past week, the ETH/BTC exchange rate skyrocketed by 8%, strongly breaking through the critical resistance level of 0.06. The last time this level was broken, ETH tripled in value!
Trader @CryptoEddy bluntly stated: 'The ETH/BTC exchange rate breaking 0.06 is like BTC breaking 1000 dollars in 2017; it's a sign of the bull market starting.'

But don’t rush to go all in! These two minefields must be avoided.

Minefield 1: A liquidity crisis could trigger a 'flash crash'.
The stock of ETH on exchanges has dropped to 12 million, a near three-year low. This means that if a whale dumps, the market might instantly be 'out of coins', leading to drastic price fluctuations.

Minefield 2: The Federal Reserve's interest rate hike in September could cause a stock market crash that drags down the crypto market.
If the Federal Reserve raises interest rates unexpectedly in September, the stock market may face a correction, and the crypto market, as a high-risk asset, is unlikely to escape a 'guilty by association' fate.

Is it still worth getting in now? Here are three strategies for you to consider.

  • Short-term players: If ETH breaks 4000 dollars, you can cautiously chase the rise, with a stop loss set at 3800 dollars.

  • Long-term players: Invest in batches in spot, holding at least 50% of your position before the ETF is approved.

  • High-risk players: Pay attention to Layer 2 projects in the ETH ecosystem; these 'little brothers' may outperform ETH.

Lastly, let me say a straightforward truth.

This market trend shows that the 97% profit figure is both a sweet coating and an alarm. Institutions are locking in positions, retail investors are hesitant, but historical patterns repeatedly prove: if you don’t get in at the beginning of a bull market, you can only chase high prices later.
How much profit have you made from the ETH in your hands? How high do you think it will soar by the end of the year? Follow Qingyao for more insights!#加密总市值创历史新高