The crypto world is never short of legends, but this time it has directly unveiled a nuclear-level operation!
In the past week, the transaction records on the blockchain exploded with a major event - a certain mysterious big shot bought 220,000 ETH, spending nearly $1 billion! This operation directly pushed the price of Ethereum up by 21%, breaking through the $4300 mark. Even more exciting, this is just the tip of the iceberg: from July 10 until now, over 1.03 million ETH have been quietly absorbed, and the coins in the market are almost sold out!
What secrets are hidden behind this wave of giant whales sweeping the market?
First of all, this is definitely not retail investors playing around. To spend $1 billion in one go to buy coins, it has to be either a top hedge fund, a sovereign wealth fund, or even a giant asset management company like BlackRock secretly building a position. For example, before the Bitcoin ETF was approved last year, these types of institutions were also quietly buying, eventually triggering a bull market. Now it’s Ethereum's turn; will history repeat itself?
Moreover, Ethereum's market cap has already surpassed Mastercard, with a valuation of $523 billion, placing it in the top 25 global assets. What does this indicate? Cryptocurrency is overturning the rules of traditional finance! People used to think of Bitcoin as digital gold, but now Ethereum proves with strength: it is the 'hard currency' of the crypto world.
More importantly, the technical and news aspects are working together. The ETH to Bitcoin exchange rate has just broken through a critical resistance level, and with rumors that the SEC might approve an Ethereum ETF, this market trend is simply 'the right time, the right place, and the right people.' If the ETF really launches, a large amount of traditional funds will flood in like a tide, and the historical high of $4865 might just be the starting point.
What should retail investors do? Don't get left behind by the whales!
Qing Yao's view is very clear: this market trend is institutions preemptively racing ahead, and retail investors must not be bystanders.
The cost price for the whales might be around $4000, and the current pullback is a buying opportunity. If you hesitate, you might miss the main upward trend.
When Ethereum rises, altcoins will definitely follow suit. Layer2 and DeFi projects will violently catch up, after all, the Ethereum ecosystem is the 'big brother' of altcoins.
Short sellers need to be careful. If ETH breaks above $4865, billions of dollars in short positions might get liquidated, and then the short squeeze will erupt like a volcanic eruption.
Strategy: Look for support in the short term, and focus on deflation in the long term.
Short-term players: Keep an eye on the support level at $4250. If it breaks, it could be a shakeout, so observe first; if it holds, look straight to $4500.
Long-term players: Don’t forget the deflation model of Ethereum 2.0, combined with institutional FOMO sentiment, a target price of $8000 by 2025 is not a dream!
Lastly, here’s a secret: I've already traced clues about this whale transaction, which might be related to a certain traditional financial giant. If I get over 100,000 likes, I will reveal its true identity tomorrow!
How high do you think ETH can rise this time? Are the whales friends or foes? #加密总市值创历史新高
