The crypto space has been bustling recently—not only are ETH whales quietly making moves, but even BTC veteran Michael Saylor is planning a financial adventure. If you are still on the sidelines, it might be worth taking a look at these developments, as they could determine the market direction in the coming months.
ETH whales are moving, can ETH hit 5000 dollars?
In the past 24 hours, three Ethereum whales have accumulated a total of 435 million dollars worth of ETH, with one even directly buying 60,000 ETH from Coinbase Prime, worth 285 million dollars. These ETH were subsequently dispersed to different wallets, with some used for staking, indicating that the whales are clearly positioning themselves for the future while prices are low.
Since hitting a low of $3500 two weeks ago, ETH has been on the rise, currently trading at about $4428, down 4.88% in the last 24 hours, having risen 19% in just 7 days.
Technical indicators show that the Taker buy-sell ratio has surged from 0.92 to 1.05. Whenever this ratio exceeds 1, it indicates that buy orders have outnumbered sell orders—this is a clear sign of accumulation.
However, retail investors are quietly taking profits. According to CryptoQuant data, the net flow of ETH to exchanges has rebounded from -209k to 37k ETH, which means that the amount of ETH available for immediate sale has increased, threatening its scarcity.
If whales continue to accumulate, ETH is expected to return to the high levels of $4700 or even $5000; however, if retail selling pressure persists, ETH may fall back to $4165. In simple terms: whales are driving the price, but retail behavior may still bring volatility.
Michael Saylor's Bitcoin '100 billion dollar plan'
At the same time, the BTC market is also restless. Michael Saylor, chairman of Strategy (formerly MicroStrategy), is laying out the boldest financial adventure to date—introducing perpetual preferred stock as a new tool for Bitcoin financing.
This preferred stock called Stretch has no maturity date, can defer dividend payments, and has no voting rights, making it neither traditional debt nor typical equity. Saylor's goal is to fund the company's continued acquisition of Bitcoin and anticipates future financing potential could reach $100 billion, even $200 billion.
So far this year, Strategy has raised about $6 billion through four issuances of perpetual preferred stock, with the latest $2.5 billion being one of the largest financings in the crypto space this year. Saylor hopes to establish a 'BTC credit model' that makes Bitcoin not only an investment asset but also a new source of income.
⚖️ The risks behind high returns
Of course, high returns also mean high risks. Perpetual preferred stocks typically offer an 8%-10% dividend, while Bitcoin itself does not generate cash flow. Additionally, dividend payments are discretionary and can become a heavy burden during market downturns. Short seller Jim Chanos even bluntly stated that such bonds are 'madness.'
Strategy is taking this path to avoid the limitations of the traditional convertible bond market—those markets typically exclude retail investors. Through perpetual preferred stock, Saylor can protect retail investors while enhancing the flexibility of the company's capital structure.
The resonance effect between ETH and BTC
Returning to the Ethereum market, the upward pressure brought by whale accumulation subtly echoes Saylor's financing layout in the BTC market: large entities are all looking for opportunities to enter crypto, while retail and ordinary investors need to keep up with the rhythm, otherwise they may be left behind in the waves of volatility.
In the short term, the moving average convergence divergence (MACD) of ETH has soared from 171 to 328, and the parabolic SAR indicator also shows that buyers are in control. As for BTC, although it recently fell from a historical high of $124,400 to $117,260, the market overall remains in a strong range.
In other words, whether it is whales driving ETH or Saylor's Bitcoin financing plan, both are sending the same signal: institutions and big players are accelerating their layouts, and market volatility is increasing accordingly. Short-term opportunities have arrived, but operations need to be cautious.
Conclusion
Ethereum: Whales are increasing their holdings, aiming to hit $5000; retail selling pressure may cause short-term volatility.
Bitcoin: Saylor launches a perpetual preferred stock plan targeting $100 billion in financing, with institutional layouts accelerating.
Market reminder: Major players are frequently active, short-term price fluctuations are intensifying; investors need to focus on whale and institutional movements to seize potential opportunities, but do not overlook the risks.
It can be said that the crypto space is witnessing a dual game between whales and institutions. Whether ETH or BTC, both may reach critical nodes. Understanding market dynamics a step ahead may help find good layout windows in the coming weeks.
Summary: Whales, institutions, and retail investors are all taking action, increasing price volatility for ETH and BTC. Market opportunities and risks coexist, and players in the crypto space should remain vigilant while enjoying this financial drama!
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