Crazy! Grayscale buying FIL at $90 and getting stuck, actually sweeping up 1.75 million pieces to reduce the average cost to $11, and ETH's upgrade is also pushing for $10,000?
Who would have thought that the giant whale Grayscale would 'add positions after getting stuck'? After being stuck at the high of $90 for FIL, it not only didn't cut losses, but instead aggressively bottom-fished in the bear market: 32 increases in 2023, swallowing 1.75 million FIL, reducing the average holding cost to $11! Now holding over 2 million pieces, accounting for 1% of the circulating supply, this operation has shocked retail investors who 'lie flat' at single-digit FIL prices—turns out the giant whale never guesses the low point when bottom fishing, just waits for certainty.
At that time, FIL dropped from its high to single digits, stagnating for more than a year, community faith collapsed, and cutting losses became the norm. But Grayscale went against the trend: not betting on 'when it hits the bottom', just waiting for 'bottom confirmation'—when assets do not make new lows and enter a range, it adds positions in batches. This contrasts sharply with retail investors who 'chase up and kill down, wanting to catch the very bottom', and hides the giant whale's right-side trading logic: not greedy for short-term fluctuations, only making money from trends.
The more explosive opportunities are ahead: ETH will welcome an 'epic upgrade' on December 3, with speed increased by 500% and gas fees cut in half, completely solving the 'expensive congestion' pain point, leading to a qualitative change in on-chain experience. It should be noted that FIL was wildly traded just by one speed upgrade, and ETH's upgrade impact is far greater than the former.
Trump's son has publicly expressed optimism, stating ETH's end-of-year target is $8,000-$10,000, and market expectations are high. Looking back at the crypto market, the combination of 'whale layout + core upgrade + celebrity endorsement' often gives rise to big trends.
Now, don't hesitate; retail investors always regret after the price rises, while smart money is already following Grayscale's lead. Keep a close eye on FIL, which Grayscale heavily invests in, and also seize the ETH upgrade dividends. Top-tier altcoins can be prearranged around the 'upgrade industrial chain'—big opportunities in crypto are always reserved for those who understand whale operations and take action early. @Square-Creator-5ab361917
