The market for cryptocurrencies has recently visibly improved; ETH has risen, and I estimate that exchanges have grasped positive data regarding the market.
That's why they dare to start pushing their own platform tokens, with BNB reaching $860 and OKB reaching $145.
The purpose of any cryptocurrency rally is undoubtedly for offloading, striving to sell at a good price.
The usual operation method is to first absorb a large amount of chips at low levels, then pump the price. After that, they release good news narratives to test how many people follow the trend. If there is no continuation of the pump, they will continue to release good news narratives. At this point, a portion of people will definitely convert to buying, but if it is still not enough volume for offloading, they will continue to pump, allowing them to earn a little first. Those who make money will share their profits, promote it, and spread it, leading more people to believe in the positive narrative. Thus, friends recommend friends, group members recommend group members, insiders recommend outsiders. Those who follow the trend will definitely not sell because the positive narrative claims a 10-fold increase, while they haven't even earned back one-fold. Moreover, it is a cycle of ups and downs, repeatedly consuming psychological expectations. They gradually become numb to declining prices, and the big players will pump it to the peak before slowly offloading, continuing to release good news narratives during the offloading process. They will complete cashing out, locking in their opponents, leaving them standing on the hillside.
The money of those who do not sell is taken by those who do sell.
In this round of the bull market, mainstream coins have already hyped several narratives, including the Bitcoin ecosystem narrative, ETF narrative, national reserve narrative, and US asset-side narrative. Now BTC has become the narrative of the US asset side, slowly rising to attract other countries, other companies, and other institutions to keep buying. BTC does not need to surge; as long as it does not fall, it is always the asset-side narrative.
BTC can also be sold at a good price now.
SOL has already had two rounds of hype: the first round for SOL's revival, where Wall Street capital favored SOL as a narrative to replace ETH and become the narrative of public chain 3.0; the second round, the wealth frenzy of meme coins PVP culminated with Trump's coin. Whether SOL will have a third round directly reaching $400-500 is currently unknown; it feels quite difficult.
As for the hype around BNB, the first round was the platform's new project hype, and the second round of BNB hype is the reconstruction of Alpha and the BNB ecosystem. Is it possible for BNB to reach $1000? It is entirely possible because there will be a final round of market liquidity release that generates explosive emotions. So, reaching $1000 is not a problem. Whether it can reach $1500-2000 is hard to say. I haven't seen any other narratives after that.
Now, SOL and BNB can finally be sold at a good price.
Currently, the market is hyping the ETH narrative, replicating the path of BTC, based on ETFs, with easy entry and exit for external funds as an essential condition. Then institutions are working hard to tell the story of ETH well, mainly the grand narrative of asset on-chain. Many people say this is the eternal bull market, and now institutions are calling for reserves of ETH to replicate MicroStrategy's approach, with American companies buying, followed by companies from other countries buying as well. America is the biggest player, while other countries are large buyers following suit, and retail investors trading in the circle are following suit.
Actually, not many people are holding ETH; many around me sold early, saying there is no hope for ETH, and they have embraced SOL instead. I can't blame them; they have endured for three years and, seeing SOL rise, they are afraid of missing out and can only embrace SOL. Can ETH reach $5000? It's highly likely because, going forward, these companies holding ETH will continue to buy. Then surely, someone will shout that ETH will reach $100,000. ETH is the BTC of 2017, and so on. Retail investors who don't understand the truth will definitely buy in, and when it exceeds $5000, the emotion of this story will only amplify.
However, ETH is something that can be infinitely issued, and they all know this, so they will certainly cash out.
The outcome is that smart institutions cut off the foolish institutions and delayed small retail investors.
Finally, ETH has risen and can also be sold at a good price.
OKB actually has no narrative left; it has been stagnant for a long time. It seems that to comply with regulations for listing, they stripped away the new project feature of OKB. Two days ago, it directly surged three times, with the narrative being that over 60 million OKBs will be destroyed, leaving only 21 million to become gas fee tokens for the X chain. As a platform token, OKB is certainly not comparable to BNB, so they created a new narrative that OKB has become a public chain token.
In this era, it is really too late to establish a public chain. Therefore, I suspect that OK Exchange must have mastered big data on the bull market's onset with high certainty, so they start to pump OKB and then suddenly introduce a new narrative for OKB. Many people will definitely continue to buy OKB, thinking that missing out on BNB means they still have OKB. Statements like 'the current OKB is the BNB of the past' will appear in the market. In short, they are advising you to buy and hold for the long term.
OKB has already risen; the heat is now fully charged. The pump of OK tells us that the market has entered the stage where the bull market is about to explode. If they reach their selling price, as long as they coordinate with positive narratives during fluctuations to complete offloading, then the bull market will come to an end.
From the exchanges' rallies, we can tell that we are not far from the peak phase of the bull market.
What I can foresee is that one after another, coins will have various stories to start pumping, wildly rising. Then outsiders will continuously be attracted in because insiders have already bought in. At this point, they will be in the same camp as the big players. They will not cash out; instead, they will frantically lure outsiders to buy in, thus outsiders will be drawn in by the unrealized profits, buying and buying. The big players will sell everything to them all at once, locking outsiders at the peak, and the bull market will end. Then the wave of decline will begin, with each rebound giving you hope only to lead to greater despair until it exhausts all your mental energy, and the wave of rebounds will never exceed your buying point.
Your helplessness has turned into a sigh that will forever remain on that last K-line.
Finally, all cryptocurrencies can be sold at a good price.
