The market is shaking! These currencies will face huge selling pressure, and I have decisively reduced my positions
Two months have passed since the Bitcoin halving, why hasn’t the market surged yet? What exactly happened in this bull market? The truth is terrifying! Let’s explore the reasons behind this.
First, let’s focus on the recent big news about an Ethereum ETF that will absolutely blow your mind.
It was originally thought that the launch of the Ethereum ETF would be postponed to September, after all, this was the information revealed by the SEC chairman at the hearing. However, now there is a very reliable rumor that the result may far exceed market expectations.
Ethereum ETF launch date advanced
Bloomberg insider Eric recently revealed that the launch time of Ethereum ETF may be advanced to July 2, instead of September as previously expected. If it is successfully passed by then, it will undoubtedly bring a huge surprise to the market and become a sudden positive.
Is Eric's source credible? I think it is 90% credible. Before the Ethereum ETF was approved, the market was generally pessimistic, but Bloomberg analyst Eric revealed the news in advance and accurately predicted the approval. This time is similar. His source has been verified again and again, so we have reason to believe that the Ethereum ETF may be listed on the New York Stock Exchange and start trading on July 2. Once Wall Street funds enter the market, even if the initial inflow is not large, it will be a real buying order, which may reverse the current market downturn.
Why doesn’t the price of coins rise when Wall Street increases its holdings?
Many people wonder why the price of cryptocurrencies has not risen while Wall Street continues to increase its holdings? The answer lies in "Sell in May and go away" - the summer off-season effect. Whether it is the cryptocurrency market or the US stock market, the performance in autumn and winter is usually better, while the performance in summer is mediocre. The trend of the S&P market over the past 50 years shows that the average increase from November to April of the following year is 6.9%, while from May to October it is only 1.5%, a difference of 5.4%.
In the summer, the peak season for tourism and consumption, less money is invested in stocks and cryptocurrencies, while the opposite is true in autumn and winter. Therefore, there is no need to worry about the current price of the currency not rising, this is just the summer off-season effect. The real sharp rise often starts in autumn.
The best time to accumulate chips
The off-season does not mean that there will be no increase, but the increase will be smaller. Therefore, this period is the golden period for accumulating chips. The price at the peak of the bull market remains unchanged, and there are more opportunities to accumulate chips during this period. By adding positions with regular wages and seizing operation opportunities, you can quickly accumulate principal and prepare for the future bull market.
Coins facing selling pressure
Next, several currencies will face huge selling pressure, and you can even consider shorting at highs. These currencies are about to be unlocked in large amounts, and there will be considerable selling pressure. We can arrange at highs before unlocking, and take profits at lows on the day of unlocking. If you want to be stable, you can go long on Bitcoin at the same time to hedge against the risk of rising market. Although shorting can make short-term profits, rising is the main theme of the bull market. Therefore, going long with spot or double leverage is a relatively safe strategy.
USDT issuance signal
Tether issued another 1 billion USDT, which is a signal of whales entering the market, and may indicate that the market is about to reverse. After the previous issuances, Bitcoin has seen an increase of more than 10%. Therefore, the signal of this issuance should not be underestimated. The market situation may reverse at any time, and opportunities are reserved for those who are prepared.
So the question is, are you ready?
