Believe in the power of cycles.
2024.07.17:
On July 17, Bitwise said it expects the launch of an Ethereum spot ETF in the United States next week to push the price of the second-largest cryptocurrency to an all-time high of more than $5,000.
Bitwise Chief Investment Officer Matt Hougan wrote in a report on Tuesday that the rise may not happen immediately, and prices may begin to fluctuate as funds flow out of the $11 billion Grayscale Ethereum Trust Fund (after it is converted into an ETF).
Nevertheless, "I am confident of new highs by the end of the year," Hougan wrote, "if capital inflows are stronger than many market commentators expect, prices may be higher."
Account situation: Total capital of 450,000 (including dividends of 120,000), breaking a new high in the short term. Principal 150,000, yield 300%. The total equity of the contract account is 505,000, and the total position is 564,000.
Recent transactions:
Currency: BOND📈Limit Buy
Price: 1.853
Amount: $1999.9
Time: 18:04:01
Currency: BOND📈Limit Buy
Price: 1.637
Amount: $1999.9
Time: 06:11:32
Risk warning: Leverage is not a devil, it is just a tool to improve the utilization rate of funds. Leverage itself has no risk, the real risk comes from human nature.
