According to certain monitoring, the 'ancient giant whale of 1 million ETH in 2015' transferred 10,000 ETH, worth approximately 19.69 million USD, to a certain address, and may soon sell. This giant whale had previously transferred 3,000 ETH to this address a month ago, which has been sold in batches, profiting 6.978 million USD; currently, its five addresses still hold 215,008 ETH, valued at 424 million USD, with a cost as low as 0.31 USD. Many people must be feeling anxious after seeing this news, as the market is generally looking at 1300 and 1500, the level of panic has reached 100% again. At this time, everyone should not panic; when it’s time to buy the dip, you should buy in batches. The market is entering a state of panic that makes those buying the dip or waiting too afraid to enter. Just the day before yesterday, Lao Shan also mentioned that Powell's speech has already softened, clearly indicating a compromise with Trump. According to relevant information, Atkins has been nominated as the SEC Chairman of the U.S. Traders Council and will attend the Senate Banking Committee's hearing for the first time on March 27, focusing on U.S. economic policy and the future direction of SEC regulation. Atkins was officially nominated by Trump as SEC Chairman in December 2024 to replace the soon-to-retire Gensler. His nomination is viewed as an important move by the Trump administration to push for 'looser regulations', especially in support of the cryptocurrency and fintech sectors. It’s worth noting that this is just the first move by Trump; his ultimate goal is to gain control over the Federal Reserve, giving him the power to issue currency, thereby allowing him to dictate the U.S. economy. So everyone should not rush. Currently, various news is unfavorable for Ethereum and the coin circle, especially since Lao Shan mentioned before that Wall Street wants to control the coin circle. Musk's attempt to acquire the Ethereum Foundation was rejected, and the forces behind Musk will keep Ethereum a mystery, pushing Ethereum's founder, Vitalik Buterin, to sell and then wildly speculate to reach its original low. Now there are various negative news being released, creating panic and scaring some people away. Lao Shan has mentioned long ago that the coin circle has changed a lot since companies like BlackRock entered; the market has changed significantly, frequently soaring to the sky and then crashing to the ground. The market is changing, and I hope everyone’s mindset can change accordingly.
Now let's take a look at the market. Bitcoin is in a period of consolidation with little volatility, and the strategy remains unchanged. Key support levels to watch below are around 82,000 USD and the 80,000 USD mark, while key resistance levels to watch above are at 85,000. If it breaks through and stabilizes, it could reach the 90,000 mark. As for Ethereum, even though ancient giant whales are occasionally selling off in large quantities, their costs are low, but they won't sell too low. Currently, key support levels to watch are around 1900 and 1800 USD, while resistance above is at 2000. If it breaks through and stabilizes, we can start to see movement. Now is the time to calm everyone’s mindset and patiently wait; don’t be afraid of the brief slump; the good show hasn’t started yet. Next, let’s talk about altcoins. Here’s the key point: Lao Shan mentioned a while ago that we need to select promising altcoins. Previously, some exchanges delisted some worthless tokens, which is understandable. Many tokens released by some exchanges have failed to gain traction. After all, there are too many tokens in the market, and it’s better to delist those that can’t gain traction rather than have retail investors hold onto them. There are about 3,000 altcoins in the market. The Trump family and BlackRock have issued many tokens, and although many of them have skyrocketed several times overnight, the final result is clear to everyone: where did the money go? Into whose pockets? The Trump family is profiting immensely while retail investors and whales lament. The current altcoins are reminiscent of the once-popular metaverse and NFTs; looking back now, they are merely legends, or even entirely gone, just a way to fleece retail investors. Finally, let’s look at Bitcoin, which is ultimately rising higher, while altcoins must wait for Ethereum to lead them. Be patient and select high-quality altcoins for investment. In conclusion, the market slump is only temporary; certain insightful individuals will only impact short-term gains. Be patient, ask Lao Shan more about how to invest, and after this period of low sentiment, you will eventually see the coin circle return to its position. I am Lao Shan; thank you for watching. If you enjoyed it, please follow me. See you tomorrow!
