The last madness?! The giant whale withdraws 10 billion bitcoins and empties the exchange! What is going on? Is it a lure to buy more or a second round of surge? OP will go to 10u! I am buying the dip here! ARB surges! V God actually personally pulls up the price of this coin next time! The Ethereum giant whale has taken action! Is he increasing or reducing his position now?

10 billion! A mysterious giant whale took action and almost emptied the exchange! The on-chain data reversed again. What exactly does the giant whale want to do?

ARB soared 50% in one day, and another dark horse coin will also double in price. I choose to go all in here!

The victorious giant whale is back. Will he increase or reduce his holdings this time? Let’s follow Shuqin to find out.

I don’t know if you have noticed, but as the Bitcoin ETF results approach, the on-chain data has really changed dramatically recently.

Even though the price of Bitcoin has not changed much now, things on the chain are really not calm at all.

In the past few days, a mysterious force suddenly emerged to extract hundreds of thousands of bitcoins and withdraw them from the exchange to its own cold wallet, causing the bitcoin stock in the exchange to drop sharply. Look at this line, it is really a vertical drop.

In fact, this happened a month ago.

At that time, such a deep pit appeared when Bitcoin was at 38,000, and then BTC went up to 44,000, so we must be vigilant about such data changes.

Most of the main entrants are from Coinbase in the United States, causing the current Bitcoin stock in Coinbase to plummet to the lowest level since 2015.

I think some people must be anxious and want to complete the positions before the ETF is passed. No wonder there has not been a big correction after the price has dropped so much. It turns out that someone has been taking over the chips. It's really Fomo's fault.

But to be honest, Shuqin always feels that this matter is not that simple, because are institutions so kind as to help retail investors to buy at high prices? Why don't they open positions at 30,000 yuan? Why do they have to open positions at such a high price?

Maybe it's just an attempt to lure more investors.

It is also possible that they invested 30,000 yuan before, and then withdrew the currency from the exchange recently at more than 40,000 yuan, giving small retail investors the illusion that they were entering the market and letting them chase high prices. Institutions may have already bought put options to hedge their positions.

Based on historical experience, Shuqin still thinks that there is a high probability that the price of Bitcoin will experience a correction after all the positive factors are exhausted after the ETF is launched at the beginning of next year, for example, to 38,000.

Compared with BTC, I think the benefits of the Ethereum ecosystem are more clear and lasting, and it is very likely to lead the market trend in the next few months.

The Cancun upgrade is now in full swing, with a large number of updates every day.

Now, the founder, Vitalik Buterin, has personally stepped in.

A ten-thousand-word article was published on the developer forum to explain how this upgrade will bring about a huge technological leap.

In addition, he also praised Arbitrum’s technological updates separately, saying that it was the first Layer 2 expansion network to reach the first stage.

As you can see in the picture, OP and ZK are currently in stage zero, while Arbitrum is in stage one, so he is indeed very strong, which is why he successfully increased his growth by 50% yesterday.

However, since more than 80% of the existing tokens of this project will be unlocked at the beginning of next year, I think OP will have better performance in the long run.

What’s more, these are not just short-term positives. Ethereum and OP are likely to maintain their popularity for a long time, just like the Bitcoin ETF in the past few months.

Because the Cancun upgrade will be completed in March or April at the latest, no one dares to predict where OP will fly to during this period. After all, he has already broken the historical high, and above it is all vacuum zone, which can be said to be a sea of ​​stars.

Therefore, although there are some uncertainties in the short term, especially the big bitcoin ETF may have exhausted all the positive news, but OP will definitely be very strong in the Cancun upgrade in the next few months. Any big drop is an opportunity to get on board, such as the 3U support level.

In fact, many people have not realized his potential, but I believe that our audience must have listened to Benqin and made relevant arrangements.

After all, we have talked about OP and IMX for 5 or 6 issues. I am afraid that you are tired of listening to them, so I dare not keep talking about them.

For example, in November, OP was only around 1.0, and now it has almost tripled. We just saw the positive impact of the Cancun upgrade and it skyrocketed. In fact, not only OP, but also related ecosystems such as IMX and SSV have increased many times.

As for the short term, Shuqin said that Cancun will be updated on these dates.

The nearest developer meeting is on January 4th, so if you are a short-term investor, you can ambush on January 2nd or 3rd.

Most retail investors are unaware of these critical time points. By the time they know, it is too late because the market has already exploded. Those who enter the market at that time are just there to take over. Therefore, information asymmetry in the currency circle is priceless, and Shuqin is well-informed and can lead everyone to make arrangements in advance.

For example, this week the Cake community voted to reduce the production of tokens. Shu Qin told everyone about this last week, and his stock price soared by more than 50%.

These Shuqins are updated every day, so those who are interested in them can come and have a look.

Okay, let’s take a look at the operations of several whales that Benqin is tracking.

Let’s first look at this relatively active big investor, who can really be described as a smart whale.

He started to build up a position when the price of Ethereum was just over 1,500, and then sold it when it was close to 2,000. However, when he saw that the situation was not right, he bought it back at the original price.

But now, he has sold all his positions of tens of thousands of ethers at more than 2,400, which can be said to be a big win. Those who followed the banker have all won a lot.

As you can see, this person is very active. We will update you if he makes any further moves.

Another smart whale observed by Benqin also took profit of more than 20,000 ethers near 2450 yesterday, Thursday.

Not only that, he transferred all of his Bitcoin, Matic, and Compound assets to Binance and cleared out the entire address. This in itself represents a good attitude.

These big investors do not necessarily buy at the very bottom, nor do they necessarily take profit at the very top. Sometimes they sell at a high price, but the general direction is basically the same.

So you can refer to their opinions. After all, they are definitely capable of making hundreds of millions in the cryptocurrency circle. For example, I only became aware of this project after seeing several whales building positions in IMX. Now it has increased sixfold, and Silly has more than tripled as well.

I see that these people often buy some good hot coins, mostly on the eve of an explosion, which is much better than some people buying blindly. So I think it is more stable for newcomers to follow the dealer's operation.

Well, today's program ends here. Please follow us, and let's achieve financial freedom together in this bull market!

Bye~