Is the midnight bottom-fishing capital a reinforcement or a trap?
The cryptocurrency market is eerily quiet at midnight, but on-chain data suddenly shows unusual activity—$50 million in bullets quietly flowed into BTC and ETH, like a group of night owls swooping into a casino after catching a whiff of blood.
Here are three major doubts about this bottom-fishing move:
1. Picking the moment after liquidation bloodbaths:
Just after the daytime slaughter of longs, they sneak in at night, reminiscent of the 'grave-digging teams' that emerged after last September's LUNA collapse—specifically feeding on bloody chips.
2. Targeting altcoins to prop up the market:
70% of the funds flowed into BTC, with the rest feeding ETH, while other altcoins didn't even get a taste. These people are clearly playing the dirty trick of 'sacrificing small coins to protect the big market.'
3. Choosing periods when futures are cheaper than spot:
During the bottom-fishing, futures were 1.2% cheaper than spot, clearly taking advantage of panicked retail investors who hesitate to catch the knife, 'devouring people without spitting out the bones'!
Three types of people, three predicted outcomes:
• Spot traders, hold your excitement:
This chicken-stealing type of bottom-fishing can last at most 3 days. If BTC doesn’t stabilize above $60,000, it’s just a lure to attract buyers, and when it drops, it’s faster than a rush!
• Contract gamblers, be careful:
The big players are setting up a double-kill scenario, first pulling $500 to blow up the shorts, then smashing down $1,500 to blow up the longs—tonight, anyone with a leverage ratio over 5x is a live target.
• Honest people with no positions, remember:
When big capital acts in the middle of the night, it’s definitely not a good sign. Just like the night before Lehman Brothers collapsed in 2008, 'holding cash is better than anything else.'
Veteran players on-chain understand the principle:
'Every wave of bottom-fishing in a bear market is just accumulating ammunition for the next round of crash.'
※ Keep an eye on three danger signals:
① USDT premium drops below 0.98
② Grayscale GBTC funds continue to flow out
③ Bitcoin miners dump over 8,000 coins within 7 days
As long as one of these happens, this 'reinforcement' will immediately turn into a 'funeral team'!
Are you trapped? When to bottom-fish? As always, if you're confused and helpless and don't know what to do, tap on my profile and comment. I need fans; you need reference.