The market in the crypto circle has recently visibly improved; ETH has even perked up. I estimate that the exchanges have grasped the positive market data.
That's why they dared to start pumping their own platform coins, with BNB reaching 860U and OKB reaching 145U.
The purpose of any coin pump is definitely to unload, striving for a good price.
The usual operating method is to first absorb a large amount of chips at a low price, then pump. After pumping, they spread positive narratives to test how many people follow. If not many follow, they continue to pump and spread good news. At this point, they will definitely convert some people to buy in, but if the selling volume is still insufficient, they will keep pumping, letting them 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, and insiders recommend to outsiders. Those who follow along certainly won't sell, because the positive narrative claims it’s a 10x opportunity, and they haven't even made a single time back; instead, they are pumped and dumped repeatedly, gradually desensitizing them to the declining market. The operator will pump to the highest point and then slowly unload, continuing to spread positive narratives during the unloading process. They will complete cashing out, locking in their opponents and making them stand on the hilltop.
The money of those who don’t sell has been earned by those who do sell.
In this round of the bull market, mainstream coins have already gone through several narratives. Bitcoin's ecological narrative, ETF narrative, national reserve narrative, and U.S. asset-side narrative. Now Bitcoin has become the narrative of the U.S. asset side, slowly rising and attracting other countries and companies to keep buying. Bitcoin doesn’t need to rise sharply; as long as it doesn’t fall, it will always be the asset-side narrative.
BTC can also fetch a good price now.
SOL has been speculated twice, the first round being the revival of SOL, with Wall Street capital favoring SOL to replace ETH as the narrative of public chain 3.0. The second round, the wealth frenzy of meme coins and PVP culminated with Trump issuing coins. Whether SOL will be speculated for a third round directly to $400-500 is currently unknown, and it feels quite difficult.
As for the speculation of BNB, the first round is the speculation of platform new offerings, and the second round of BNB speculation is the reconstruction of Alpha and the BNB ecosystem. Is it possible for BNB to reach $1000? It is completely possible because there is still the last round of emotional explosion generated after the release of market liquidity, so reaching $1000 is not a problem. Can it reach $1500-2000? It's hard to say. I haven't seen any other narratives coming.
Finally, SOL and BNB can also fetch a good price now.
Now the market is speculating on the ETH narrative, copying the path of Bitcoin, based on ETFs, making it easy for outside funds to enter and exit as an important condition. Then institutions are working hard to tell the story of ETH well, mainly the grand narrative of assets on-chain. Many people say this is an eternal bull market. Now institutions are calling for reserves of ETH to replicate the path of MicroStrategy, first U.S. companies buying, and then companies from other countries will also buy. The U.S. is the largest investor, while other countries are the large follow-up investors, and those trading in the crypto circle are the following retail investors.
Actually, not many people are on ETH. Many people around me sold it off early, saying there is no hope for ETH and embraced SOL instead. I don't blame them; they have endured for three years. Seeing SOL rise, they are afraid of missing out, so they can only embrace SOL. Whether ETH can reach $5000 is highly likely because the inertia will cause those holding ETH to keep buying, and then someone will definitely shout ETH to $100,000. ETH is like BTC in 2017, etc. Retail investors who are unaware of 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, and they all know it, so they will definitely cash out.
The outcome is that smart institutions cut off the foolish institutions and lagging small retail investors.
Finally, ETH has gained strength and can also fetch a good price now.
OKB has actually lost its narrative, having accumulated for a long time. It seems that to comply with the listing requirements, the new OKB features have been stripped away. The day before yesterday, it surged threefold directly, with the narrative being that over 60 million OKB have been completely destroyed, leaving only 21 million to become the gas fee currency of the X chain. As a platform token, OKB can’t compete with BNB, so a new narrative was created, and OKB became a public chain token.
In this era, it is really too late to create a public chain, so I, with a petty mind, speculate that OK Exchange must have grasped the big data for the start of the bull market, with high certainty, so they started to pump OKB and then suddenly brought out the new narrative of OKB. Many people will definitely continue to buy OKB. Missing BNB, after all, there is OKB. The current OKB is just like BNB back then, etc. Such statements will appear in the market. In short, it is to advise you to buy and hold for the long term.
OKB has already risen; the current hype is at its peak. The rise of OKB is telling us that the market has entered a stage of imminent bull market explosion. If they reach their selling price, as long as they cooperate with favorable narratives during the fluctuations to complete their sales, then the bull market will come to an end.
We can tell from the exchange's pump that we are not far from the peak stage of the bull market.
At that time, I can foresee that various coins will have all kinds of stories that begin to pump, rising wildly, and then outsiders will be continuously attracted in because insiders have already bought out. At this point, they and the market makers are in the same camp; they won’t cash out. They will crazily entice outsiders to come in and buy, and thus outsiders will be attracted by the floating profits to buy various coins. The market makers will then sell all the living at once to them, locking outsiders at the mountain peak. The bull market will thus end, and then the wave of decline will begin. Every rebound will give you some hope and then make you more desperate until it exhausts all your spirit. The waves of rebound will never exceed your buying point.
Your helplessness turns into a sigh that forever lingers on that last candlestick.
Finally, all coins can fetch a good price now.
I am done writing. I wish you wealth in the crypto circle.
Still, that’s the saying: in a bull market, you don’t know what to do. Click on AZ’s avatar, follow, bull market spot planning, latest news in the crypto circle, contract passwords, and share without charge.
