It's not a bull market, there are no positive factors, why did ETH surge? The truth will tell you!
Recently, ETH suddenly surged by 30%, skyrocketing 3% in 3 minutes, easily reaching $4200, while Bitcoin remained motionless. Many people excitedly shouted that the bull market has arrived, a technological revolution has erupted, but the truth is far more complex than you think.
I have a friend who has been in the crypto circle for many years and has witnessed too many "false booms". He said that this wave of ETH surge is not a bull market at all, nor is there any substantial technological good news, it is all just capital manipulation tricks!
The two major tricks behind the manipulation:
Public companies harvesting retail investors
Some large companies first raised funds in the U.S. stock market, then announced they were "crazy buying ETH" to create momentum. When the coin price rises, they use the appreciated ETH in their hands to mortgage for financing, continuing to buy — transferring from one hand to the other, leveraging hundreds of billions in market funds, resulting in retail investors being trapped.
Whales manipulating by buying low and selling high
Before the surge, mysterious large holders secretly hoarded tens of thousands of ETH, with prices stuck around 36,600. When the price suddenly surged, squeezing out those retail investors who had shorted, after retail investors chased high to take over, the large holders quietly sold off, leading to a large number of liquidations.
It is said that recently over 100,000 people across the network have been liquidated, suffering heavy losses; this is the true portrayal of harvesting retail investors.
Why is this not a bull market, nor a technological boon?
No new developments on the technical front: DeFi has not exploded, Layer 2 has no new moves, and upgrade news is scarce.
Lack of market linkage: Bitcoin has not followed suit, altcoins have not cycled, and there has been no substantial change in Federal Reserve policy, which cannot support "ETH standing out alone".
Obvious logical misalignment: A real bull market should be led by Bitcoin, but now it is ETH flying solo, which is abnormal for the market.
How should retail investors protect themselves?
Never blindly chase high
A sudden surge of 99% is a trap to attract buyers, especially when Bitcoin is stagnant; don’t act impulsively out of FOMO.
Keep a close eye on on-chain data
Watch the movements of whale addresses and USDT fluctuations, be wary of the "increasing position → raising prices → selling off" trick.
Light positions and strict stop-loss
Control positions within 5%, decisively exit when breaking key support levels, don’t gamble on liquidation.
This wave of surge is a harvesting technique packaged by capital using "institutional entry", fast and ruthless. The surge comes quickly and goes just as fast. Protecting your principal is the first step to your recovery.
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