The founder of Ethereum has liquidated his holdings, and the market direction has suddenly changed! Investors holding ETH should be cautious. Co-founder Jeffrey suddenly transferred $260 million worth of ETH to exchanges last night, nearly emptying his holdings.
This is already his third time accurately escaping the peak — he liquidated at $3,800 last March, and cashed out at $3,700 six months ago, each time at the top range. This time, he doesn’t even want the last position, indicating ETH has likely reached its peak. Historical data shows ETH nearly doubled from $1,390 to $2,736, which aligns with the crypto market's 'double means peak' curse. While some believe Ethereum can rise to $3,000, my advice is: holders should reduce positions now near $2,700, aiming for a maximum greed of 10% to $3,000 before pulling out; don’t wait until there’s a disaster to regret it.
Even crazier is that a whale opened a 40x leveraged long position when Bitcoin was at $111,000, and with $800 million in principal, a drop below $100,000 would trigger a liquidation.
This guy just went all in when Bitcoin broke through earlier this month, and now he's quickly taking profits at 50%. His moves are quite wild. However, his predictions align with on-chain data — Bitcoin's greed index is at 75, historically indicating a peak at around $115,000 to $120,000. But this time is different; Wall Street is flooding in with funds through Bitcoin ETFs, attracting nearly $10 billion in a month, keeping Bitcoin propped up at a high of $112,000. Given this amount of capital, the peak could indeed reach $140,000, but a crash is inevitable afterward.
The latest actions from the Federal Reserve are even more alarming. The third-ranking official, Bostic, made it clear that there will only be one rate cut this year, and New York Fed President Williams is even more hawkish, insisting on no rate cuts while continuing to shrink the balance sheet. The US bond market has also exploded, with 30-year Treasury yields returning to 5% two years later, meaning that borrowing $1 million would require paying $50,000 just in interest each year. Moody's has downgraded US Treasuries from AAA to AA, and earlier this month, $72 billion in Treasury bonds went unsold, indicating that no one wants to take over. These signals are all warning: the US economy can’t hold up, but the Fed is determined not to intervene.
Current operational strategy
Funds are still pouring into Bitcoin ETFs, and in the short term, it may rise to around $115,000, but at that point, one should decisively take profits. Mainstream coins like Ethereum and Solana are approaching the doubling curse zone; it's advisable to reduce positions and wait. Small coins can still be played; for instance, the Pepe and Sol I bottomed out on this afternoon have risen by 5-10%. After Bitcoin peaks, one can continue to play the catch-up market. However, remember that market risks are far greater than before, and with the games between Wall Street whales and the Federal Reserve, the market could turn at any moment, so never leverage to go long!
