Why can't ETH rise? Do you really understand? In the past two rounds of bull market, ETH was as popular as BTC and was simply a superstar. But this time, ETH obviously underperformed BTC. What's going on? Is it the rise of new public chains such as SOL? In fact, the deeper reason is the "vampire" problem that ETH is facing now: the L2 ecosystem is eroding the market value of ETH.
ETH's "highlight" is a thing of the past Compared with the peak period of the last bull market, ETH's performance is not very good, and several key indicators are declining:
1. TVL (total locked volume): from 100 billion to 64 billion, a 40% decrease. 2. Protocol income: only 30 million US dollars per week, 500 million at the peak of the last round. 3. Number of active addresses: only 500,000 per day, less than one-third of the previous round. However, ETH's market value has recovered to 70% of its peak. Judging from these data, ETH seems to be "fat", no wonder some people began to question whether it is overvalued.
L2: ETH's "vampire" The rise of L2 has indeed brought a better trading experience, with lower GAS fees and faster speed. But at the same time, L2 has also dealt a fatal blow to ETH: 1. TVL was diverted: L2 sucked away 15% of the locked funds. 2. Active address exodus: More than 80% of ETH users have switched to L2. 3. Revenue plummeted: Because L2 reduced the demand for on-chain transactions, ETH's protocol revenue plummeted by 90%. What's worse is that L2 itself is still growing on its own - tokens like ARB and OP have risen, with market capitalizations of tens of billions, which has completely diverted ETH's market attention. There are greater hidden dangers in the future If you think ETH has bottomed out, it may be a bit too optimistic: 1. BASE may issue coins: If Coinbase's L2 network BASE starts issuing coins, this will further snatch ETH's capital flow. 2. UNICHAIN rumors: If big players like Uniswap also migrate to L2 to build their own chains, ETH's burning mechanism will be almost useless. Moreover, ETH's market value model originally relied on GAS fee burning to achieve deflation, but the existence of L2 makes all this empty talk. Do you think L2 is a good helper for ETH? No, in fact, it is slowly draining the value of ETH.
Can ETH still rise? The answer is that it can rise, but don't expect it to rise as much as before. The rise of L2 has turned ETH from a former giant into a "strong on the outside but weak on the inside" character.Do you think ETH can return to its former glory?
Every bull market is like this. Didn't the bull market of 20 years experience this?
BTC rises first, attracting a lot of funds. When it reaches over 30,000, its market share reaches about 70%. At this point, altcoins start to surge wildly.
At first, everyone complains about altcoins every day: BTC rises while altcoins fall, BTC is sideways while altcoins fall, BTC falls and altcoins continue to follow.
If you truly have the ability to see the problem from a global perspective, then when the market share is low, exchange all funds for BTC, and then when BTC rises to 80,000 or 90,000, exchange back to those altcoins that haven't risen.
But 95% of people do not have this ability, and I am certainly no exception.
So rather than complaining daily and showcasing one’s incompetence, it’s better to review and strive for a better perspective in the next bull market.
$Resolv is performing really well. To be honest, it's even stronger than I expected.
Projects like ResolvLabs getting listed on Binance Alpha is a great opportunity. I hope to see more projects like this in the future.
Yesterday, I also made a price prediction, comparing it with $ENA and $USUAL. The ideal valuation range tested was between 0.22 to 0.35 USD. At that time, I was worried it might be set too high, but after it went live, it performed even better than I imagined!
Given the current popularity and price trends, it’s not impossible for the Binance spot market to do well either!
Ah, the bull is back! I’m fully invested and lying flat; when I opened the exchange first thing in the morning, I thought I was seeing things. After taking a closer look, I could finally smile—$ETH is starting to rise, and it has brought my $UNI and $NEIRO up with it.
$GPS surprisingly made it to the top of the gainers list. This thing hasn't moved in ages, slowly climbing from 0.02 to 0.03, and it actually rose by 50%. I’ve staked all of it, just collecting interest every now and then, making passive income.
The situation on-chain is also okay. My main position is on the BNB Chain; $EGL1 has hit 80M again, and $0xDREAM went from 7M when it tweeted to 8.5M, but now it has dropped back to 6.7M, which is indeed a bit chilly.
$BULLA airdropped last night. When it first came out, the amount that could be sold was probably about 10% of the airdrop amount. Now that the price has come down, it feels like several recent pre-sales on BSC have performed reasonably well?
If you haven’t done SAHARA, hurry up and do it. Those who have completed KYC shouldn't forget to register, don't miss out.
To be honest, I haven't been going to P Solana lately, and my quality of life and trading success rate have improved a lot!
Take today as an example, I invested in $Lambo on AVAX, easily achieving 6 times the profit, plus the $BJUB I had before, now my win rate is steadily at 100%.
$SNIBBU on ETH is also performing well, steadily rising, taking it slow without any pressure.
The coins I picked on BSC are also nearing a 100% win rate, I feel very secure holding them, no need to constantly watch and feel anxious.
Looking back at my time playing Solana, it felt a bit off for me; apart from a few long-term holds like $Candle, $King, and $Labubu, most of the investments lost quite badly, to the point where I started to doubt if my logic was flawed.
But now my confidence is back, I've found the battlefield I'm good at, it's comfortable and can make money, I feel much better.
rvn is still rising, and I sold too soon. It was at 0.13 when I mentioned it, and now it has risen to 0.17.
anime was the same; I mentioned it at 0.23, and now it is at 0.37.
huma is also the same; I mentioned it at 0.37 and it went all the way up to 0.58.
These leading stocks on the increase list have shown solid performance. I had mentioned them all back then, and the stop-losses were quite small! But to be honest, there have been failures too, and I often sell too soon myself! However, I never shy away from failure; sometimes there are even more failures than successes...
For bdxn, I'm planning to set buy orders at positions 31, 33, and 36 to continue targeting it. I will keep an eye on the market, and if things feel off, I will change my plan at any time! Everyone, don't blindly follow my orders; observe the market, make your own plans, and watch the trends!
Here is my bdxn delivery order.
This is my rough trading record. You can see my entire thought process from the chart: first observe strength and weakness, set a stop-loss, and then optimize step by step. This kind of rhythm leaves no time to shout out orders; it relies purely on real-time response.
I still have many areas where I need to improve. I am practicing while trading in the real market, learning and making progress. Everyone is competing in the market with real money, so it’s essential to think more, learn more, and slowly grow.
Bitcoin's sudden rise and fall; has the high point been confirmed? Familiar rhythm for ETH! Are the bottoms for SUI and PEPE appearing? Let’s recap $MASK! APE and FARTCOIN double profits!
Happy Saturday, brothers! You might still be snoring in bed, but the student crowd has already rushed to the exam hall, starting their journey to chase dreams! Let’s wish these future world pioneers great success and extraordinary performance! Last night’s short position that opened at the first contact of 2542, the market makers just wouldn’t shake it off; it was so close to connecting! In the early morning, there was another attempt to test the high point, but it was weak; it was pressed down after rebounding to 2506. Although the short position last night didn't necessarily hit, if you chased the long position above 2500, then you really need to reflect on yourself, brother!
What kind of shoddy coin is this, it has risen too sharply. With a market value of 25 billion US dollars, it's really hard to take the plunge. If I'm not careful and buy in, I might end up being the one holding the bag at 250.
Comparing Circle's valuation to Coinbase, a level of about 20% to 30% seems reasonable; it should make around 500 million US dollars in a year without much issue. Based on a price-to-earnings ratio of 30, it's worth about 15 billion US dollars. So, it would be prudent to consider getting in only when its market value drops below 15 billion.
Moreover, when those big institutions invested earlier, they were basically coming in at a valuation of 4.5 billion US dollars or even higher, and now their balance sheets have at least multiplied by 5 times.
"Trump and Musk in Conflict, Wall Street Stunned: 'Incomprehensible, Absurd, Disaster'"
Musk and Trump have completely "broken ties," and this "war of words" has dragged Tesla down as well. Due to the disagreement between Musk and Trump over proposed tax legislation and their public "spats," Tesla's stock price plummeted 14% overnight, erasing $153 billion in market value, marking the largest single-day drop on record. According to S3 Partners data, short sellers profited $4 billion during this decline. Currently, Tesla's stock price has fallen 41% from the historic high reached in December.
This stock price trend reveals Tesla's extreme dependence on Musk's personal image.
The market is quite dull right now, with no continuous trends, and Ethereum is still fluctuating back and forth at this position.
Currently, opinions are divided between bulls and bears, which is actually a good thing. If everyone is bullish, it’s time to be cautious, as problems may arise later.
There are also few positive news stories that can ignite the market.
On the blockchain side, recently only BSC is still worth playing with; it's basically all straightforward operations.
Relying on news to trade coins for too long can dull one's senses and degrade skills.
At this stage, projects that are willing to spend money on advertising are basically preparing to make a move. The on-chain market is so poor that even "sentiment funds" have disappeared, leaving us to follow the whims of the market manipulators.
Conversely, advertising projects may present opportunities because you know they are controlling the market and you understand their intentions to pump, which means there is money to be made.
Bitcoin and Ethereum Points + Rhythm Fully Sorted! TRB Back on the List! Labubu and Others Rising! CA, GASS, YEE Doubling! MASK Earns 20%! Seize Altcoin Opportunities!
That night, 1.1 billion CNY was directly siphoned away, over 60,000 accounts were wiped out. The market suddenly cooled down as soon as June started. Just look at the amount and number of liquidations to know that market liquidity dropped by more than 60% all at once. Last night, when the market reached around 2640, the supply immediately surged, and the selling pressure expanded accordingly. Shorts began to exert force; clearly, someone shorted at the 2640 line, and some hesitated to act. The best short point at midnight was actually at 2625, and the rebound was very weak, dropping to around 2570. Overall, it is still fluctuating within our aggressive trading range, suitable for those who like to keep an eye on the market. For those with more conservative orders, this extreme compression fluctuation may feel a bit challenging. But don't panic; the secondary market never lacks opportunities. If you miss this wave, just wait for the next one. Don't start to feel anxious just because you missed one.
A new chapter begins! $PORT3 perpetual contract is launching today (SGT 16:45) on Binance Futures!
This is a major milestone in the development history of $PORT3! It signifies a significant increase in project liquidity and will attract more capital into this leading AI social data and Infofi sector. From the initial Alpha showcase to the current contract battlefield, the future of $PORT3 truly holds infinite possibilities.
Trading Pair: PORT3USDT | Leverage: Up to 50x
The contract is here, and Alpha is still around! Double opportunity, don't miss out!
The MEME market has now developed to a stage where it is difficult to drive a market cap above 5M just by shouting!
This indicates that the influence of so-called 'big players' in the MEME market has begun to fade.
Next, the way of playing Meme is likely to move towards a model involving VC participation:
The next way of playing Meme should trend towards VC involvement. VC engages in a Meme (driving up the price) Then it drops to a certain position (consolidating and washing out positions) Then there will be a crazy price surge driven by news (distributing shares)
The PVP era has ended, embracing capital, and making money has become more difficult.
Bitcoin and ETH points are super accurate! Candle's explosive pull review! Recommendations for potential targets of Earth Dog and Golden Dog, the next Dogecoin? What do you think of TRB and CA? How high is the expectation for Labubu?
The early bird catches the worm. I think you all caught the drop in the second cake just now. I also reminded you in advance that you can make an extra move and win it steadily! BTC Focus: Support: 104750 / 102403 / 100000 Pressure: None Why not give a resistance level? Because it is too close to the previous high, be prepared for a sneak attack from a dog dealer at any time! I entered the market at 106,500 last night and made 1,200+ points. I stopped profit according to the strategy. I haven’t encountered the second entry point today. Remember one principle: only make one point once!
ETH Focus: Support: 2585/2460–2480/2403 Pressure: None
As long as Bitcoin gets a long upper shadow now, he will probably be wiped out.
This guy is truly hardcore, a historically-level "warrior," going against the trend and clashing with large orders! He is simply a chosen one for scattering wealth.
The money he made from PEPE will probably have to be contributed to the Bitcoin contract.
But I really don't understand why he dares to open such a huge position with high leverage when Bitcoin is clearly at a peak?
Currently, the strongest meme IP on Ethereum is still being built around the MATT universe.
Zeus Dog $ZEUS is currently the leader, with a market cap consistently around 50 million. In addition, BOOCHIE, $BERRY, and $rato have all surpassed a market cap of 10 million. The newly launched $FRANK has also easily surpassed a million, and there are many other tokens worth a million under this IP.
Why does everyone like to speculate on narratives related to Matt_Furie? The biggest reason is the influence of $PEPE. For these new projects, regardless of the community atmosphere or the truth of the token stories, retail investors share a common speculation—betting on the next Pepe.
However, it is essential to understand that the market environment has changed. Coming up with a memecoin that is as phenomenal as Pepe is now several levels more challenging than before. Not to mention that there are now more and more alternative projects, making it quite a challenge for retail investors to find a comparable one.
Perhaps the next Pepe will appear in the future, but don't have a preconceived bias—just because it peaks first doesn't mean it's the leader, and the slow burners may also have potential. The key to becoming a phenomenal meme is still to have a high degree of decentralization.
Matt Furie's new book concept coins RATO, GASS, and BOOCHIE have finally started to rebound!
Playing memes on the ETH chain, if you're stuck, there are two options: either decisively cut losses or endure; as long as the market is still alive and there's some narrative expectation, who knows when the big players might suddenly pump it.
In fact, the big players' tactics have always remained the same: pump, harvest, wash, and then pump again. The moment retail investors are most likely to exit is just before a pump, and this has become the norm.
Bitcoin and ETH are exploring short-term bottoms; buying points exposed in 5 minutes! The AI track remains the main line! BNB is gaining momentum, making BSC a hotspot! How to view RATO and $B? Can SUI pull through?
The market is currently in the ultra-short-term bottom-finding stage; be patient and wait for the short-term buying signal at the bottom; don’t rush! BTC Focus Points: Support to look at: 103300 / 101175 / 98500 / 97200 The pressure level is temporarily just looking at the new high Yesterday, BTC surged to 110722, then was heavily sold off. It tested the high again early morning but did not break through; it’s a good short signal. Don’t regret what you missed; if others can catch it, it means they stayed up all night watching the market. Trying small positions to seize opportunities is what others deserve! ETH Focus Points: Support: 2403 / 2343 / 2285 / 2215 Pressure to watch: 2720 / 2740 range