WLFI, a Defi project supported by the Trump family, added 2.5 million USD of Ethereum yesterday after Ethereum plummeted, with an average price of 3461 points. After adding positions, the highest floating loss was about 10% yesterday, and it has begun to make a profit. Grayscale Foundation also bought XLM, LINK, BAT and ZEN at the bottom in the short term, and ZEN directly led the market. Most retail investors were busy selling their stocks, and they were completely confused and overwhelmed.
In terms of positions, the withdrawal of Sanshu's personal account was still within 10% the day before yesterday, but it soared to more than 20% yesterday. Some tokens in the liquidity account were almost halved, but fortunately they have recovered a lot. When the market bubble burst, everyone was the same. The fake dog dealers took advantage of the situation and harvested, but only they won. People with weak wills will hardly persist until the tide comes.
In the past 60 hours, the total number of people who have been liquidated in the crypto market has exceeded 850,000, and the accumulated leverage liquidation funds have exceeded 2.9 billion US dollars. We are experiencing a market liquidation action very similar to 312. The long-lost panic in the depths of the soul has arisen again after many years. At that time, Bitcoin was just a fledgling, and now Bitcoin is about to become a towering tree.
The previous article also made a relatively in-depth analysis of the market lethality of Powell's hawkish remarks and the actual effect of the Fed's 2025 interest rate forecast dot plot. Yesterday, Bitcoin and the Shanzhai collectively plunged violently. Sanshu believes that it should be possible to separate it from the macro events before and after the earlier interest rate cut, because the market will not go out of such a lame form with an uncertain future data, and the intraday market also proves this point.
So in the final analysis, it is highly likely that this big drop was caused by the dog dealers' joint efforts, in conjunction with Powell's hawkish remarks on the leveraged market. With the Trump family's increase in Ethereum holdings as a turning point, the market trend has warmed up and the panic sentiment has eased temporarily. A market supported by the world's largest leader and global hegemon will not be so fragile.
So has the short-term market stopped falling? Judging from the violent rebound after the sharp drop in the market, it has indeed stopped falling, but from the perspective of the adjustment structure of the trend, it can only be regarded as a technical repair after the sharp drop. Except for the big cake and a few strong sectors, the market is still in the shadow. It is entirely possible that this round of correction will bottom out at the daily level.
As for the concept of the copycat season that everyone is concerned about, Sanshu roughly determined that the copycat outbreak in this round of market will be carried out in stages, sectors and narratives. Only in this way, when the wind and narrative come, can the explosive power of the entire sector be forged. The overall general rise in the traditional sense, especially the situation where even garbage can rise, is a huge negative if it really happens in the short term. At that time, the fomo chasing may be a lifetime high.
As for layout or position change, you have seen the strong narrative part. After each round of market crash, the first-tier rebound is worth long-term attention and firm holding. L1, meme concept (mainly DOGE, PEPE as the core focus) and AI, etc. The second tier is Trump and Wall Street related. The former has a strong hype space. No matter how the market hotspots look at them, they can often go out of their own logic and trend. The latter has been nursed by large institutions. When the chips are almost washed, it is just a matter of opening the market.
Mentally, this round of plunge is indeed a rare fluctuation, that's all. Objectively speaking, the performance of the crypto market this year is much more mature than four years ago. In the past, the same scenario would have been much more tragic. The biggest role of ETFs is to attract strong attention from over-the-counter macro capital, and then the quantitative change has led to qualitative change, and the market stability has been much stronger.
The Bitcoin spot ETF had a cumulative net inflow of $949 million in the last two trading days of this week. Thursday was the largest single-day net outflow since the Bitcoin spot ETF was approved, and the data rebounded sharply the next day. The Ethereum spot ETF had a net outflow of $136 million for two consecutive trading days, which was much lower than the average data of the previous 20 trading days. Overall, Ethereum's funding will gradually become stronger.
I slightly increased my position in Ethereum again, the second time this year. The logic is the same as before. As the bull market progresses to this point, Ethereum has become a sector that must be moved. Its early ecology and short-term controversies have already reached a critical value. Unless the bull market ends, the subsequent independent market will explode anyway. I have persisted for almost two years, so I don’t care about the short-term two months.
BTC: Bitcoin rebounded from the lowest point of 92,200 points to the highest point of 99,500 points, close to 8,000 points. It seems that there is no problem in attacking 100,000 US dollars again. The future of Bitcoin depends on whether it can stabilize at this height and fluctuate in the range. After rising from the low point, the market consensus believes that Bitcoin has reached the extreme point of the current bull market. In the absence of effective outbreaks in other sectors, Bitcoin's high-level sideways trading is particularly important. In terms of trend, pay attention to the future support of 90,000 points. The second exploration above this position means that the short-term bear market has come to an end.
ETH: This wave of long leverage cleansing in Ethereum is more comprehensive than Bitcoin. From the data point of view, there is no pressure from capital selling at present, which is in line with the prelude to an independent market. As for when the market will start and whether it will continue to fall in the short term, we still have to pay attention to the bottom retracement of Bitcoin. From a technical point of view, the current 3300 points will be the new long starting point of Ethereum, and the retracement can still be used as a short-term trend participation point.
The first level of the cottage rebound is the Grayscale series, ZEN directly dominates the list, and another Grayscale son LPT can also be paid attention to. The second is the meme series. DOGE pulled back 30% after being cut in half at a high position. A wave of leverage cleaning is also clean enough. The newly launched VC coins are also OK. Move and me have returned to the high starting point of this round of sharp declines. L1 is needless to say. The strong of the Sui series will always be strong. If it goes down, it will really give opportunities. Of course, don't be blind to buy the bottom. The adjustment of the market will not end in one day. The adjustment after the big environment crash since last year has been carried out in months. In the bull market, what you get is an expectation, and what you buy is the long-term expectation.
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The Fear and Greed Index was 73 during the day.
Finally, stay away from leverage and stock up on spot goods! #加密市场反弹 $BTC #PCE通胀降温
