“Isn’t there a saying that goes, it’s three days and three nights for TV dramas?” This wave of ETFs has seen net inflows for three straight days—yesterday BTC brought in around 600 million, and ETH also absorbed more than 200 million. Even Coinbase’s Bitcoin negative premium has set a 95-day historical record. I watched the order book for half an hour, and I had a feeling—this money isn’t coming from retail traders; it’s all big institutions picking up shares from underneath, and they’re doing it quietly.
Look at that “whale” called “set 10 big targets.” The short position got pushed to $219 million, and it’s currently floating at a loss of over a million dollars. According to my usual style, if someone holds a position like that and still refuses to cut, it’s either because they think it’s going to drop further, or there’s a hedge side holding it in place. But with the spot ETFs accumulating every day, these shorts are basically handing fuel to the market.
That said, honestly, what I care about isn’t really BTC. It’s the new activity in the XRP ecosystem. Ripple is rolling out the RLUSD lending ecosystem—directly connecting institutional credit funds to provide loans to fintech companies. In the current market, many people think this kind of news is irrelevant, but once the stablecoin track successfully runs real lending demand, what gets “picked up” next won’t just be the liquidity on exchanges.
Of course, that HYPE whale dumped $64.82 million over the past 6 hours—870,000 coins, thrown out all at once. If you have a position in this coin, I’d advise you not to stare at the price. Watch the trading volume instead, and whether anyone is still willing to take it. Anyway, at this level chasing feels uncomfortable, so I’ll stay put.
I’ll keep tracking this one. Don’t rush.”
Look at that “whale” called “set 10 big targets.” The short position got pushed to $219 million, and it’s currently floating at a loss of over a million dollars. According to my usual style, if someone holds a position like that and still refuses to cut, it’s either because they think it’s going to drop further, or there’s a hedge side holding it in place. But with the spot ETFs accumulating every day, these shorts are basically handing fuel to the market.
That said, honestly, what I care about isn’t really BTC. It’s the new activity in the XRP ecosystem. Ripple is rolling out the RLUSD lending ecosystem—directly connecting institutional credit funds to provide loans to fintech companies. In the current market, many people think this kind of news is irrelevant, but once the stablecoin track successfully runs real lending demand, what gets “picked up” next won’t just be the liquidity on exchanges.
Of course, that HYPE whale dumped $64.82 million over the past 6 hours—870,000 coins, thrown out all at once. If you have a position in this coin, I’d advise you not to stare at the price. Watch the trading volume instead, and whether anyone is still willing to take it. Anyway, at this level chasing feels uncomfortable, so I’ll stay put.
I’ll keep tracking this one. Don’t rush.”