After this drop, most cryptocurrencies have returned to near the 200-day moving average, and those that surged have also pulled back to around the 60-day or 120-day moving averages, resulting in a thorough washout. The market makers showed no mercy, and most bulls were almost completely cleared out. In this situation, the second wave of rebound is often more intense - the chips are cleaned up, those who needed to cut losses have done so, leaving more room for future surges.
In a bull market, price drops and washouts are the norm, and sometimes deep washouts occur, but the long-term trend remains positive. Every day in a bull market, someone is forced to sell, which confirms that saying: 'The pessimists are always right, and the optimists always move forward.' Only by staying optimistic can one ultimately win in a bull market. Frequent exits and swing trading can easily affect one's mindset, especially in extreme market conditions, making it harder to profit. For investors holding leading assets and fully invested in spot positions, holding on is the key to final victory.
It is worth noting that as Ethereum's price plummeted, the Trump family's DeFi project World Liberty Financial (WLF) increased its position again.
Yesterday afternoon, Ethereum briefly rebounded to 3720 dollars before quickly falling, and this morning it dropped below 3400 dollars, reaching a low of 3326.8 dollars, down over 10%. The current price is about 3403 dollars, with a 24-hour drop of 6.9%. WLF spent 2.5 million dollars this morning at an average price of about 3460 dollars to buy 722 ETH, which has attracted market attention.
Previously, WLF also made a significant purchase of Ethereum on December 12, accumulating 2631 ETH at an average price of 3801 dollars.
Total holdings exceed 75 million dollars
During this period, WLF has also continued to buy tokens in the DeFi sector like AAVE and ENA. According to the latest data from Arkham, WLF's multi-signature address currently holds 75.49 million dollars in cryptocurrency, with the top five altcoin holdings being:
ETH: Holding 15,596, valued at approximately 53.17 million dollars
AAVE: Holding 6,137, valued at approximately 1.94 million dollars
LINK: Holding 78,387, valued at approximately 1.81 million dollars
ENA: Holding 741,687, valued at approximately 733,500 dollars
ONDO: Holding 134,216, valued at approximately 233,540 dollars
I've gotten into Ethereum!
The logic is simple and clear:
A double bottom formed in 15 minutes, showing signs of rebound.
The Trump family bought 722 ETH at a low of 3461.
A high win-rate swing trader fully invested at 3501 to buy 14369 ETH.
Target levels: 3574, 3690, planning to take profit at 5.5 positions.
Given that Bitcoin spot ETFs had a net outflow of 439 million dollars last night, and Ethereum spot ETFs had a net outflow of over 60 million dollars, the strategy remains focused on short-term quick in-and-out trades.
That's it for today's article. Currently in a bull market, with turbulence brewing, we share passwords every day. If you don’t know what to do in a bull market, feel free to follow for spot market passwords and layout strategies, which can be shared free of charge.
