Sun Yuchen sells 80% of his ETH holdings and switches to U.S. stocks
He says he hasn’t touched his core BTC position in a year. He sold 80% to 90% of his ETH trading position in the $3,600–$4,000 range, moving most of the funds into U.S. stocks. He’s now keeping only 20% as a core position and waiting to see what happens; he hasn’t bought back in.
The range where he trimmed his ETH holdings coincides with a dense trading zone near this cycle’s highs. Overhead supply above $4,000 has yet to be absorbed. With his ETH now rotated into U.S. stocks, there may be less buying pressure to drive ETH higher in the short term. A rebound into the $3,800–$4,000 range could run into renewed selling pressure and pull back, making support in the $3,200–$3,400 range crucial. His decision to hold his core BTC position suggests big money is still staying put, but weakness in ETH could drag high-beta assets like SOL down for a synchronized retest and consolidation.
What do you make of his move to sell ETH near $4,000? Would you follow suit, trim your position and wait to buy back in just above $3,000—or do you think this is a false dip after the good news has already been priced in?
$BTC $ETH $SOL
He says he hasn’t touched his core BTC position in a year. He sold 80% to 90% of his ETH trading position in the $3,600–$4,000 range, moving most of the funds into U.S. stocks. He’s now keeping only 20% as a core position and waiting to see what happens; he hasn’t bought back in.
The range where he trimmed his ETH holdings coincides with a dense trading zone near this cycle’s highs. Overhead supply above $4,000 has yet to be absorbed. With his ETH now rotated into U.S. stocks, there may be less buying pressure to drive ETH higher in the short term. A rebound into the $3,800–$4,000 range could run into renewed selling pressure and pull back, making support in the $3,200–$3,400 range crucial. His decision to hold his core BTC position suggests big money is still staying put, but weakness in ETH could drag high-beta assets like SOL down for a synchronized retest and consolidation.
What do you make of his move to sell ETH near $4,000? Would you follow suit, trim your position and wait to buy back in just above $3,000—or do you think this is a false dip after the good news has already been priced in?
$BTC $ETH $SOL