Someone asked: Have the major coins bottomed? Is it a good time to enter and go long?
The midday drop in major coins was entirely due to selling by some Ethereum Foundation wallets and whales. Most of that selling has now been absorbed. The whale holding 10,300 BTC has closed its position. After the biggest long position in this cycle was closed, the market began to rebound, but the short-term rally is over. Tonight, institutional investor BlackRock is very likely to continue transferring Bitcoin and Ethereum to Coinbase to sell, so major coins will remain under pressure and continue to fall.
There’s no positive news in the short term that could drive the market higher. Based on the points above, my strategy for major coins is to look for short positions at higher levels. If you want to go long, you could start with a small position and buy the dip in BTC.
That’s my strategy for major coins. For reference only!!
#加密美股齐跌，下轮反弹的驱动力在哪？ #AnthropicIPO认购达约6倍，或创上市融资纪录 #JaneStreet富达比特币ETF持仓增至近8倍 $BTC $ETH $NVDA
The midday drop in major coins was entirely due to selling by some Ethereum Foundation wallets and whales. Most of that selling has now been absorbed. The whale holding 10,300 BTC has closed its position. After the biggest long position in this cycle was closed, the market began to rebound, but the short-term rally is over. Tonight, institutional investor BlackRock is very likely to continue transferring Bitcoin and Ethereum to Coinbase to sell, so major coins will remain under pressure and continue to fall.
There’s no positive news in the short term that could drive the market higher. Based on the points above, my strategy for major coins is to look for short positions at higher levels. If you want to go long, you could start with a small position and buy the dip in BTC.
That’s my strategy for major coins. For reference only!!
#加密美股齐跌，下轮反弹的驱动力在哪？ #AnthropicIPO认购达约6倍，或创上市融资纪录 #JaneStreet富达比特币ETF持仓增至近8倍 $BTC $ETH $NVDA
