1. A trader opened a short on #ETH with 20x leverage 3 days ago when everyone was in a state of FOMO. His profit has already exceeded $3.7 million; 2. 68,297 ETH ($252 million) arrived in 2 new wallets. Since July 9, 12 new wallets have accumulated a total of 790,449 ETH ($2.92 billion); 3. A whale with a total profit of >$62 million has started opening longs again - leverage 25x on ETH, 40x on #BTC. $ETH
1. 3 fresh wallets accumulated another 73,821 #ETH ($283 million). Since July 9, a total of 11 fresh wallets have accumulated 722,152 ETH ($2.77 billion); 2. FTX/Alameda staked 20,736 ETH ($79 million). Between December 17, 2024 and January 9, 2025, FTX/Alameda withdrew 21,650 ETH ($75.3 million) from Bybit at an average price of $3,478; 3. Machi Big Brother locks in a #PUMP long at a loss. He remains long $13.3 million in PUMP at a loss of $4.47 million. $PUMP
The Dragon pattern is a rather rare but powerful bullish reversal pattern that signals a possible change from a downtrend to an uptrend. It is a more complex, but often more reliable alternative to a double or triple bottom.
🎮 Pattern structure:
▪️ Dragon head: the highest point of the pattern, preceding its formation, is the beginning of a downward movement.
▪️ First paw: the first significant minimum after the dragon head, followed by a rebound.
▪️ Second paw: the second minimum, which is formed below or at about the same level as the first paw. It is important that the second paw is below or at the same level as the first, indicating the end of the downward impulse.
▪️ Dragon's Back: A resistance line that connects the top of the bounce between two legs and the subsequent highs, forming a kind of ridge.
▪️ Dragon's Tail: Begins after the breakout of the Dragon's Back and indicates the beginning of a new upward move.
🤓 How to use the Dragon pattern:
🔹 Identification: Look for a clearly defined head, two consecutive legs and a distinct back.
🔹 Back Breakout: The main buy signal occurs when the price breaks the Dragon's Back upwards. This indicates a change in dominance from sellers to buyers.
🔹 Profit Target: The distance from the Dragon's Head to the bottom of the second leg, plotted upwards from the breakout point of the back. You can also use Fibonacci extensions from the first leg to the bounce and the second leg.
🧐 Application strategies:
🔸 Buy on breakout: the most common strategy is to enter a position immediately after a confirmed breakout of the dragon's back.
🔸 Back retest: sometimes the price may return to retest the back before continuing to rise. This can be an additional entry point or confirmation of the signal.
🔸 Volume: the volume is usually large on the head and first leg, decreasing as the second leg forms, and sharply increasing when the dragon's back is broken. This confirms the strength of the pattern.
🔸 Divergences: look for bullish divergence in oscillators (such as RSI or MACD) between the first and second legs (when the price makes a new low, and the indicator makes a higher low). This strengthens the signal.
✔️ Recommendations:
🔻 Trend context: the Dragon pattern is most reliable after a prolonged downtrend, signaling its exhaustion.
🔻 Confirmation: Always wait for a clear and confirmed breakout of the dragon's back with increased volume.
🔻 Stop Loss: Place a stop loss below the second paw to protect capital.
🔻 Multiple confirmations: The more confirming factors (volume, divergences, retest), the higher the probability of success.
☝️ Remember: the Dragon pattern is a powerful reversal signal, which shows that bearish pressure is weakening, and the bulls are ready to take the initiative.
1. New wallet received 12,000 #ETH ($45 million) from Galaxy Digital OTC wallet. Since July 9, 9 new wallets have accumulated a total of 640,646 ETH ($2.43 billion); 2. Anchorage Digital has accumulated 10,141 #BTC ($1.19 billion) in the last 14 hours. $ETH
📈 #XRP Hyperscale Data (#GPUS) stocks rose by 12% after the company confirmed yesterday that it had begun acquiring XRP, executing its previously announced plan to create a reserve of $10 million in XRP. coindesk$XRP
1. A new wallet accumulated another 12,749 #ETH ($48.06 million) 6 hours ago. Since July 9, 9 new wallets have accumulated a total of 628,646 ETH ($2.38 billion); 2. Galaxy Digital transferred 3,782 #BTC ($447 million), most of which went to exchanges; 3. Lido founder borrowed 85 million #USDT from Aave to buy #ETH; 4. A whale sold 3 million #Fartcoin ($3.65 million) at $1.22. He bought 8.89 million Fartcoin at an average price of $0.26 from February 26 to March 21. He still has 1.89 million Fartcoin ($2.16 million) with a total profit of $8.07 million (+349%).$FARTCOIN
😲🚀 While the market is a bit down, #BANANAS31 is up 60% today, and #VINE is up 110% since yesterday evening on active purchases. BANANAS31 appeared in the top of purchases on all CEXs from 10:05 Moscow time, and from 14:49 large purchases began, after which the main growth of the token price began. Meanwhile, active purchases and the main growth of VINE began yesterday from 19:05, while the token appeared in first place in the top by open interest growth back at 16:06. $BANANAS31 $VINE
🎩 #SUI Mill City Ventures III (#MCVT) announced a private placement of 450 million yen, the proceeds of which will be used to purchase SUI. SUI will serve as the company's main financial reserve asset.$SUI
The trader decided to long the HYPE token for $16 million. His entry point was at the local high — $45.5–$45.8.
🫠 Literally half an hour later, he suddenly changed his mind and began to fix the position. As a result, he lost $400k and provoked a 2% drawdown of the token.
His confidence in the deal lasted only half an hour, apparently 🤷♂️$HYPE