Sun Ge claimed that something big was going to happen
It makes people wonder whether it means that the market will be hit by a sell-off.
Is the recent rebound of popular altcoins a signal of the restart of the bull market, or just a false breakthrough to lure investors? Just last night, Sun Ge tweeted: "I have been holding back my big move for a long time, and this time it is really going to be big!" This made me think that today's market would be unusually active and full of volatility, because there is a saying in the market: "Sun Ge's smile makes the market unpredictable."
For this situation, the only explanation I can think of is that either the big event that Sun Ge said has not really come yet, or he is just trying to create topic heat without really touching the sensitive points of the market. The good news is that the current downward trend of the market seems to be under control to a certain extent. Ethereum has successfully stood firm at the key point of 3,500, and some popular tokens such as NOT have also rebounded significantly. It seems that the market is gradually getting rid of the shadow of the previous continuous decline.
However, the bad news is that although some popular tokens have performed well, the entire market has not seen a substantial increase, and most tokens are still falling, which may lay hidden dangers for future market dives. In general, I think that in addition to the impact of macro-monetary policy, the trend of Ethereum will play a crucial role in the subsequent trend of the market.
First of all, as an important part of the market, the price changes of Ethereum will directly affect the trend of the entire market. Secondly, as the basis of many altcoins, the performance of Ethereum will indirectly determine the survival of these altcoins. At present, the altcoin market is undergoing a major reshuffle, so the trend of Ethereum will undoubtedly become a key factor in determining the fate of altcoins.
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