The market situation in the cryptocurrency circle has recently visibly improved. ETH has started to rise, and I estimate that the exchanges have grasped favorable data.
That's why they dare to start pulling their own platform tokens: BNB to 860 USD, OKB to 145 USD.
The purpose of any coin's rally is definitely to offload and strive for a good selling price.
The usual operation method is to first absorb a large number of chips at a low price, then rally. After the rally, they release positive narratives to test how many people follow the trend. If there is no continued rally, they keep releasing positive narratives. At this time, some people will definitely convert to buying, but the volume is not enough to sell off, so they continue to rally, allowing them to earn a little first. Those who make money will share their gains, promote, and spread the word, making more people believe in the positive narratives. Thus, friends recommend friends, group members recommend group members, insiders recommend outsiders. Will those who follow the trend sell? Certainly not, because the positive narrative claims it’s a tenfold gain, yet they haven’t even made a single fold. Moreover, it’s a wave of rise followed by a wave of rise, repeatedly consuming psychological expectations. They gradually become numb to declines. The market maker will pull it to the highest point and then start to slowly sell off, continuing to release positive narratives during the selling process. They will complete cashing out, locking their opponents in place, making them stand on the hillside.
The money of those who do not sell is earned by those who do sell.
In this round of the bull market, mainstream coins have gone through several narratives. Bitcoin has the ecological narrative, ETF narrative, national reserve narrative, and U.S. asset narrative. Now Bitcoin has become the narrative of U.S. assets, slowly rising to attract other countries, other companies, and other institutions to buy continuously. Bitcoin does not need to surge; as long as it does not fall, it remains the eternal asset narrative.
BTC can also be sold for a good price now.
SOL has already gone through two rounds of speculation. The first round was SOL's revival, with Wall Street capital favoring SOL as a narrative to replace ETH and become the public chain 3.0. The second round was the wealth frenzy of meme coins, culminating in Trump's token release. Whether SOL will experience a third round of speculation directly to 400-500 USD is currently unknown; it feels quite difficult.
As for the speculation of BNB, the first round was the platform's new issuance speculation, the second round of BNB speculation is the reconstruction of Alpha and the BNB ecosystem. Is it possible for BNB to reach 1000? It's completely possible, as there will be a final round of market liquidity release that generates emotional explosions. Therefore, reaching 1000 is not a problem. Can it reach 1500-2000? It's hard to say. I haven't seen any other narratives afterward.
Now SOL and BNB can finally be sold for a good price.
Currently, the market is speculating on the ETH narrative, replicating the path of Bitcoin, based on ETF, with easy entry and exit for outside funds as an important condition. The institutions are working hard to tell the good story of ETH, mainly focusing on the big narrative of asset on-chain. Many people say this is an eternal bull market. Now institutions are calling for holding ETH to prevent the path of micro strategies, starting with American companies buying, and then companies from other countries will also buy. The U.S. is the biggest market maker, while other countries are large buyers, and retail investors trading within the circle are following the trend.
Actually, not many people are still holding ETH. Many people around me sold early, saying that ETH has no hope and embraced SOL instead. I don't blame them; they have endured for three years. Seeing SOL rise, they are afraid of missing out and can only embrace SOL. Can ETH reach 5000 USD? It is highly likely because these companies holding ETH will continue to buy. Then, sure enough, someone will call for ETH to reach 100,000 USD. ETH is like BTC in 2017, etc. Retail investors who do not understand the truth will definitely buy in, and when it exceeds 5000, the emotions of this story will continue to amplify.
However, ETH is something that can be infinitely issued; they all know this, so they will definitely cash out.
The outcome is that smart institutions will cut off the foolish institutions and lagging small retail investors.
Finally, ETH has started to rise, and it can be sold for a good price now.
OKB actually has no narrative left; it has been stagnant for a long time. Presumably, to comply with regulations for listing, they stripped OKB of its new issuance function. Two days ago, it surged threefold, and the narrative is that all of OKB's more than 60 million will be slightly reduced, leaving only 21 million as the gas fee token for the X chain. OKB, as a platform token, is certainly no match for BNB, so they created a new narrative: OKB has become a public chain token.
In this era, it is really too late to create a public chain. So, with a narrow view, I calculate that the OK exchange must have grasped the big data indicating the start of the bull market, which is highly certain. They then began to rally OKB and unexpectedly released a new narrative for OKB. Many people will definitely continue to buy OKB, missing out on BNB, and now OKB is being compared to the BNB of that year, etc. Such remarks will appear in the market. In short, they are urging you to buy and hold for the long term.
OKB has already risen. The current hype has been fully accumulated. The rally of OK tells us that the market has entered the stage of imminent bull market explosion. If it reaches their selling price, they only need to cooperate with positive narratives during fluctuations to complete the offloading, and then the bull market will conclude.
We can know that the peak of the bull market is not far away by observing the exchange's rally.
At that time, I can foresee that various coins will begin to rally, rise crazily, and outsiders will be continuously attracted in because insiders have already bought. At this point, they are on the same side as the market makers; they will not cash out. They will frantically persuade outsiders to buy in, leading them to be attracted by unrealized profits, buying everything. The market makers will sell everything to them at once, locking outsiders on the mountain top, thus ending the bull market, and then the waves of decline will begin. Each rebound will give you hope and then lead to more despair until it exhausts all your mental energy. The waves of rebound will never exceed your buying point.
Your helplessness turns into a sigh that will forever remain on that last candlestick.
Finally, all coins can be sold for a good price.
