Preface
In cryptocurrency, the rise of the bull market always makes people excited. Opportunities to make money come one after another, but at the same time, there are many hidden risks. When prices soar, people often have optimistic thoughts about chasing the rise. However, reality has repeatedly told us that the market will eventually calm down, and may even collapse suddenly, so fast that people are caught off guard. Therefore, whether we can stay awake in such a crazy market and seize the correct selling opportunity has become an important issue that every investor must face.
In cryptocurrency, the person who can seize the peak of the bull market, Brother Sun is definitely a legend in the circle. Almost every time he sold during a market boom, he was able to avoid the subsequent plunge. His selling operation of ETH has attracted everyone's attention. He can withdraw decisively and never misses a good opportunity.
This article will review Brother Sun’s classic operation of selling ETH and see how he escaped from the bull market. Through Brother Sun's case, we can better understand the market rules and avoid missing opportunities due to temporary greed. What's more important is to remind us that in the frenzied atmosphere of the bull market, only by remaining rational can we be prepared for the next opportunity.
Sun Ge transfers ETH to currency security history
The picture above shows the time point when Brother Sun transferred ETH from 2020/02/26 to 2020/03/11
From 2020/02/26 to 2020/03/11, Brother Sun transferred a total of 279.3 ETH to Binance. The price subsequently fell 64%, reaching $86 at one point. This time, Brother Sun also successfully escaped the 312 Black Swan incident. (Affected by the epidemic, the global financial market has fallen into crisis, with U.S. stocks, crude oil, A-shares, and commodities all collapsing.)
The picture above shows the time point when Brother Sun transferred ETH from 2020/04/24 to 2020/06/05
After the 312 black swan event, Brother Sun transferred 13.97 ETH to Binance on 2020/04/24 (invalid) and 9.078 ETH to Binance on 2020/06/05 (price dropped 12.86%).
The picture above shows the time point when Brother Sun transferred ETH from 2020/09/15 to 2020/11/01
On 2020/09/15, Brother Sun transferred 85.4 ETH to Binance. (Price fell 6.33%)
But on 2020/11/01, Brother Sun transferred 15,000 ETH to Binance. (Invalid, price did not fall)
The picture above shows the time point when Brother Sun transferred ETH from 2021/05/11 to 2021/05/14
Since the black swan event on 312, the price of ETH has increased from $80 to $4,300. Also during the period from 2021/05/11 to 2021/05/14 (ETH's record high), Brother Sun transferred a total of 90,000 ETH to Binance. (Price down 58.99%)
Then there was another black swan event, the 519 incident. (China strengthens regulatory policies on cryptocurrency)
The picture above shows the time point when Brother Sun transferred ETH from 2021/12/08 to 2022/01/08
Between 2021/12/08 and 2022/01/08, Brother Sun transferred a total of 185,990 ETH to Binance. (Price fell 51% to $2150)
After both BTC and ETH hit all-time highs in 2021/12, the cryptocurrency market began to fall after the Federal Reserve indicated that it may accelerate the reduction of bond purchases and raise interest rates earlier.
The picture above shows the time point when Brother Sun transferred ETH from 2022/02/19 to 2022/04/03
On 2022/02/19, Brother Sun transferred 5.353 ETH to Binance. (Price fell 18.60%)
On 2022/03/02, Brother Sun transferred 19,000 ETH to Binance. (Price down 19.28%)
On 2022/04/03, Brother Sun transferred 2.238 ETH to Binance. (Price fell 16.21%)
The picture above shows the time point when Brother Sun transferred ETH from 2022/02/19 to 2022/04/03
From 2022/02/19 to 2022/04/03, Brother Sun transferred a total of 76,402 to Binance (the price dropped 46.11%)
The picture above shows the time point when Brother Sun transferred ETH from 2022/12/02 to 2022/12/13
After the FTX incident, Brother Sun transferred 9.979 and 15,130 ETH to Binance on 2022/12/02 and 13. (Price fell 5.91% and 13.43%)
The picture above shows the time point when Brother Sun transferred ETH from 2023/03/18 to 2023/05/12
On 2023/03/18, Brother Sun transferred 150 ETH to Binance. (Price down 8.41%)
On 2023/04/06, Brother Sun transferred 435 ETH to Binance. (Price down 3%)
On 2023/04/14, Brother Sun transferred 2,000 ETH to Binance. (Price fell 15.18%)
On 2023/05/08, Brother Sun transferred 1.10 ETH to Binance. (Price down 7.64%)
The picture above shows the time point when Brother Sun transferred ETH from 2023/05/24 to 2023/06/22
On 2023/05/24, Brother Sun transferred 7 ETH to Binance. (Price down 3.28%)
On 2023/06/22, Brother Sun transferred 15,838 ETH to Binance. (Price down 4.86%)
The picture above shows the time point when Brother Sun transferred ETH from 2023/08/11 to 2023/10/18
On 2023/08/11, Brother Sun transferred 5,000 ETH to Binance. (Price fell 16.54%)
During the period from 2023/10/04 to 08, Brother Sun transferred a total of 80,225 ETH to Binance. (Price down 8.09%)
The picture above shows the time point when Brother Sun transferred ETH from 2024/01/03 to 2024/01/31
On 2024/01/03, Brother Sun transferred 573.8 ETH to Binance. (Price down 12.05%)
On 2024/01/10, Brother Sun transferred 100 ETH to Binance. (invalid)
On 2024/01/16, Brother Sun transferred 799 ETH to Binance. (Price down 14.96%)
On 2024/01/31, Brother Sun transferred 350 ETH to Binance. (Price down 4.46%)
The picture above shows the time point when Brother Sun transferred ETH on 2024/03/06
On 2024/03/26, Brother Sun transferred 1,111 and 999 ETH to Binance. (Price down 4.50%)
The picture above shows the time point when Brother Sun transferred ETH on 2024/11/10
On 2024/11/10, Brother Sun transferred 19,000 ETH to Binance. (Price down 5.53%)
Summarize
Brother Sun transferred a total of 36 ETH to Binance from 2020 to 2024. Failed 5 times, the others succeeded in causing the price to drop.
Secondly, there will be incidents after Brother Sun transfers more than 10,000 ETH to Binance. Such as 312, 519, Fed rate hike, FTX and so on.
When it hit new highs three times from 2020 to 2024, it was able to successfully escape the top and sell.
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