In the past week, big brother adjusted from 124,000 to 112,000, and E adjusted from 4788 to around 4000. It feels like not much has changed; those who should enter are still entering. A whale bought 5000 E yesterday, while others are still selling.

But the effects have emerged, with a large turnover. The index dropped from 75 to 44, marking the third panic since this April and June. The market has shifted from bullish to bearish continuously, with some people already seeing E drop to 3000, 2000, or even lower, similar to the big brother's previous drop.

This time, E led the big brother to break through new highs, and all the attention is on it. I have to say, the person operating E behind the scenes this time is really interesting. I'll discuss this in depth today.

E has consecutively broken through the important thresholds of 4000 and 4500 in August. I believe the rise was too aggressive and rapid. If this trend continues, it would originally create a historical new high above 5000, but with excessive floating profits, another round of crash might occur, which could be more damaging to the market.

Originally, my expectation was that E would change control around 2500-3000 in the third quarter, which exceeded my estimate. At that time, it was just moving sideways, with the old controller continuously offloading, appearing quite dangerous. As mentioned in previous diaries, this time E's breakthrough relies on accumulated funds rather than fundamental boosts, which does not drive altcoins. Noticing that the altcoins led by E had no significant performance in early August indicates that E's chips had not been sufficiently exchanged.

Simply put: the new players don't have control over the market, which amplifies volatility.

I originally expected the change of control to happen only after the first interest rate cut, with a better scenario being E slowly rising to around 3000, then a pullback, before moving back up with minor fluctuations between 3000 and 4000, while accelerating the rotation of the altcoin sector. While E builds momentum, it allows sufficient exchange of chips, raising the holding cost, completing the control change, making it easier to break through the 21-year high of 4868, which would be strong for altcoins and extend the second half of the bull market.

Recently, I've thought about it and believe there's some reason behind the funding's actions. Continuous quick breakthroughs make you think new highs are coming soon, creating FOMO sentiment, forcing sidelined funds to rush in, maximizing the buying pressure.

Then suddenly, a crash forced previous floating positions to panic and sell, creating a surge of buying while causing most altcoins to drop. When the rebound occurs, it allows their ecological altcoins to rise, for instance, E's L2 altcoins rebounded this past couple of days, directly recovering the losses from the previous week, tempting retail investors to take the baton and trade.

In this way, the market will produce divergences, weaken consensus expectations, reduce attention on E's chips, and better enhance E's chip volume, as funds never actively stop but can only passively pause. Through rotation and differentiation, they consume profit positions, avoiding panic selling triggered by future concentrated sell-offs, which is more favorable for market development.

It seems that this time behind E, there are indeed remarkable individuals, and the style is completely different from the previous volatility. It can maintain stability at a point, unlike altcoins that have been crashing. There is a hint of the big brother's flavor in it, boosting market confidence and raising expectations. As long as E dares to pull back, there will be those who dare to buy the dip. Currently, the fluctuations around 4000 have no signs of agitation.

This kind of movement leads most people and altcoins to underperform E, and the longer the underperformance lasts, the more favorable it becomes for more funds to concentrate on E or E's ETFs in the future, ultimately forming a guiding indicator that drives the self-supporting rebound effect of altcoins under the E ecosystem.

In other words, E continues to have a chance to see historical new highs, so be patient...

In the altcoin sector, today there were 2404 rebounds, 1992 declines, with a rise rate of 55%; assets like LINK and AAVE in the DEFI category are still the main focus of market speculation, followed by L2 and the platform B sector;

It can be seen that whenever the market is sluggish, artificial hotspots are generated. In the last diary, I mentioned how OKB drove the platform B sector. After OKB announced a reduction in supply to 21 million, it stimulated a more than doubling effect the next day. Later, with more OK launch platforms appearing, it created a MEME effect, continuously boosting various MEMEs of OK, further stimulating OKB staking and driving new highs. Today, it reached a historical high of 200. I predicted this back in March without much surprise; it is very similar to the MEME created by BNB from January to March this year.

25.3

BNB also reached a historical high of 883 today, and it seems there is an opportunity for it to hit 1000. Until the altcoin market shows a more clear profit effect, the platform B sector will continue to be speculated, as platform B itself generates continuous cash flow. The better the platform, the more beneficial it is for B itself. Besides focusing on this:

There are two points to watch here: 1. If centralized platform B plays this way, will decentralized platform B, like UNI, SUSHI, CAKE, etc., create their own launch platforms and use staking to promote MEME and stimulate the staking of B itself? 2. On BN ALPHA, will BSC's MEME see a competition between BN and OK to pull in participants? With a market cap of 100-200, BSC's MEME could be a good opportunity for small funds.

Remember everyone, when playing altcoins, you should take a mid- to long-term view. Otherwise, focus your energy on large sectors. If the overall direction is sound, trends will come and won't be too bad! In the short term, either look where the hot money is; it will be much easier to make money. If E continues to fluctuate later, then the altcoin rebound trend will advance further.

......

1. Coinbase will add AWE, FLOCK, LAYER, and SPX to the B roadmap. One of the biggest trends this year is that many project teams are seeking alternative routes and liquidity. If not listed on CB, then on UP Korean exchanges, as seen recently with API3, OMNI, CYBER, which have been listed on Korean exchanges, immediately doubling after the positive news. For retail investors, considering projects on BN that haven't yet been listed on these exchanges and are operating normally could present an opportunity.

2. The Fed's meeting minutes mentioned stabilizing B 8 times. The trend is becoming clearer; in a lucrative industry, the most important thing is to wait passively. From West to East, stabilizing B is becoming a global focus.

3. The search interest in 'altseason' has dropped 86% over the past six days on Google, falling from 100 to currently 18. With the interest waning, few believe in altcoins, which is relatively favorable for them; currently, the volume of altcoins is too small, with the big brother accounting for 59.8%. E's share is gradually increasing, making altcoins more overlooked, which is when opportunities will arise. 4. The greed-fear index is 50, neutral.

.......#BNB创新高 @币安中文社区 @币安Binance华语

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