Bull market, no good news, why is ETH soaring?
💥 Recently, ETH suddenly surged 30%, climbing 3% in just 3 minutes, breaking through $4700, while Bitcoin remained unchanged. It seems like 'the bull is here', but it's just the old tricks — capital manipulation is harvesting!
Behind the scenes: Two major harvesting tactics
1. Public companies self-directed: Some companies like SBET first raise funds in the US stock market, then loudly announce 'aggressively buying ETH', creating hype to drive up prices. Once ETH rises, they use the appreciated ETH for collateral financing to continue buying... transferring funds from one hand to the other, hundreds of millions can leverage over a hundred billion in market value.
2. Whales forcing out retail investors: Before the surge, mysterious whales bought 12,000 ETH at a low price (average price $36,600), then suddenly drove the price up to force out short positions. Retail investors, driven by emotions, chased the price up, while the whales sold off accordingly. The result? Over 100,000 people across the network faced liquidation.
Why is this not a bull market/technical good news?
Technical aspect: No major upgrades, DeFi and Layer 2 are stagnant;
Market aspect: BTC is not correlated, altcoins are not rotating, and the Federal Reserve's rate cuts cannot support 'ETH standing alone';
Logical aspect: In a true bull market, BTC should move first, but now ETH is advancing alone, which is clearly abnormal.
Retail investor self-rescue
1. Don’t chase high: 99% of sudden surges are traps, especially dangerous when BTC is consolidating;
2. Monitor the chain: Watch whale wallets and USDT flows, be wary of the 'buy low → surge → sell' script;
3. Light positions + stop-loss: No more than 5% position, withdraw immediately if it falls below key levels to avoid passive liquidation.
📌 Conclusion: This surge in ETH is essentially a harvesting game packaged as 'institutional entry' by capital. Sharp rises are easy, but declines happen faster — protecting your principal is the hard truth!
