🚨Sun Yuchen's $1.7 billion bet on Ethereum! Is it a masterstroke or just a prelude to harvesting?
Sun Yuchen is at it again! This time he is splurging $1.7 billion to bet on Ethereum. Is this a golden opportunity or a trap?
This guy has been making big moves lately! Since February, he's been buying Ethereum like groceries, having spent a total of $1.7 billion to purchase nearly 560,000 ETH. Does this operation look familiar? That's right, he did this in 2021, buying low and selling high, making a whopping $2.5 billion!
What's the trick here? 16672369670
1. The price he paid is not cheap: an average of $3050-3100 per ETH, indicating he believes this price is the 'floor price'.
2. It might be a chain scheme: first, he buys spot and raises the price, and perhaps simultaneously shorting in the futures market.
3. The most intriguing part: he bought at a bottom price of $2509 in 2021, and now is willing to pay a higher price, suggesting he expects it to rise above $5000 later.
What should small investors do?
• Want to follow the trend? Remember, $3050 is his cost line; if it drops below this price, he might run first. TRUMP
• Don’t be foolish to leverage heavily: a sneeze from the big players could lead to your liquidation.
• Keep an eye on two signals: when he starts selling, or whether the exchange rate can break through crucial points.
In plain terms: just watch the moves of the big players; they don’t make big money because they have great insights, but because they have enough capital to withstand fluctuations. If we small investors want to get a taste, remember these three words: Don’t! Get! Overexcited!
High-quality spot layout suggestions
Anytime, spot trading is always king!
• Big funds: directly buy Bitcoin and mainstream currencies.
• Small funds: consider positioning in the chain!
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