OMG, family, this market surge is a bit overwhelming for me!
Looking back at what Xiao Miao said at the beginning of the month about the turning point on August 7, now it's about holding coins and waiting for an increase, waiting for the wind to come.
.......
I won’t list them all, today I will update everyone on the current status of a few altcoins that Xiao Miao is heavily invested in.
Recently, many people have asked me if they can chase ETH this time.
Yesterday during the day, I also analyzed this issue in detail for everyone: Ethereum firmly stands at 4000, will the altcoin season come? You dare to buy Bitcoin above 100,000, but why hesitate at ETH above 4K?
Here's a comprehensive conclusion: it can.
However, it is really not the main character on the stage this time. In past bull markets, it was always 'Old Two' leading the charge. This time, among the top ten coins, except for ETH, ADA, and DOGE, which have not broken their previous high points, the others have all moved, so don’t treat it as the leader. However, making money does not necessarily mean standing in the C position with the main character; the key is the rhythm.
The core of this ETH rise is the influx of traditional financial institutional funds, especially spot ETFs, which are flowing in at a rate that is five times that of Bitcoin.
On August 11, BlackRock purchased 150,000 ETH, directly pushing it to a historical high for ETFs, but the coin price has yet to break its peak—this is the opportunity. Compared to Bitcoin, ETH has more on-chain play and a deeper ecosystem; institutions are buying for 'stability', not chasing trends.
From the trend of ETH/BTC, there is not much resistance above. If you want to conservatively exchange Bitcoin for Ethereum, waiting for a breakthrough at 0.05 is not too late. Just understand that the current rise is more about siphoning funds from other coins. If ETH can drive on-chain activity later, then the overflow of funds could ignite the altcoin season.
So, friends betting on altcoins should keep a close eye on on-chain data, especially the movements of veteran players and whales. The liquidity of centralized exchanges is just a pond; on-chain is the river. If you're looking to enter the market with no positions, ETH is much safer than Bitcoin, just don't complain about the price—it's like wanting both fish and bear's paw.
As for the targets I’m heavily invested in, let’s take a look now.
First, let's talk about the so-called 'Old Three' — #sol
Recently, apart from Bitcoin and Ethereum, I’ve been talking the most about SOL.
Here comes another piece of good news—Wall Street's version of the 'Hayes Moment', the founder of BitMEX has joined Apaxy, rivaling the momentum of Tom Lee back in the day.
The market cap is much lighter than ETH, if the ETF passes in October, the influx of funds might push it back to 300 directly.
The second is the ancestor of the MEME sector — #DOGE
In the past six months, there has been a continuous cycle of washing out - breaking through - washing out.
However, the movement has been quite smooth: steadily rising at the low points and creating new highs at the high points, a standard upward channel.
Historically, it has had a role in almost every round, now it’s just about holding and waiting for the rhythm.
Reminder: An upward trend can also experience pullbacks, don't go all in and set up stop losses properly.
Lastly, let’s talk about #ADA
Many people complain that ADA has no ecosystem and no value, but it follows its own rhythm in every market cycle and never misses out.
On-chain, large holders have not only not sold but are also increasing their positions; on the market, there are always someone defending below 0.6.
This indicates they do not want the price to drop, there will definitely be actions later.
So I entered, as long as it stays above 0.8, pushing to 1 shouldn't be a problem.
Next, let’s just sit and wait for the rotation of sectors: BTC rises → sideways → ETH rises → mainstream altcoins → small market caps → meme coins celebrate, and finally, it’s the conclusion.
I'll stop here for now! If you're still unsure of the direction in the crypto space, why not join me in positioning yourself? You might otherwise find yourself on the opposite side in the next wave of market movements.