Everyone is familiar with Justin Sun. He recently called out to the German government and spent $4.56 million just to have a meal with Buffett! These deeds are all done by "Sun Ge".

At 9:41 tonight, Justin Sun withdrew 50 million U from Avae, of which 45 million was transferred to Binance Exchange, and the other 5 million was used to buy 1,621 Ethereum on the chain. This caused heated discussions in the cryptocurrency circle, and coin friends speculated whether Sun Ge smelled something. After all, there is a saying in the cryptocurrency circle: "You can doubt Sun Ge's character, but you must never doubt his ability to make money." However, as the saying goes, "People make mistakes, horses stumble, and if you walk by the river, you will get your shoes wet."

This should be Sun Yuchen's fourth purchase of Ethereum this year. The other three times were:

In January and February, 169,604 Ethereums were added at an average price of $2,870.

2. In April, 176,117 Ethereums were added at an average price of $3,177.

In March and June, 15,416 Ethereums were added at an average price of $3,474.

"Sun Ge"'s strategy for Ethereum this year was a little misguided. Now it seems that this is the case. This incident tells us that the information from the big guys is not particularly accurate. It is impossible to draw a conclusion now whether it is a high point or a low point, so let time tell.

Putting aside the "Sun Cut", the Ethereum ecosystem did receive some good news today. Since the last Ethereum spot ETF application was rejected, it submitted an application to the SEC again today, and this time it seems to be a bit determined to win. Subsequently, Ethereum suddenly rose, and the highest point has exceeded $3,100. In the evening, "Sun Cut" helped Ethereum's good news again.

However, due to the volatility of the market in recent days, the K-line is often not complementary to the news. News is more like a tool for capital and institutions to guide the market, so whether the positive news reflected on the surface is really positive or not needs further verification by the market. However, the purchase of real money by "Sun Ge" tonight is definitely true.

Speaking of Ethereum, the most resilient ecosystem in this bull market is the Ethereum ecosystem. Several currencies in the ecosystem have performed quite strongly. In many cases, they can develop their own independent market trends. Perhaps it is for these reasons that Sun Ge is confident in increasing his stake in Ethereum. The current price of Ethereum is definitely not high, because the bull market has not really arrived. Many people are doubting whether this bull market can still come.

First of all, we need to make sure that there is a consensus on the Bitcoin halving every four years. The answer is yes. If this is confirmed, then the bull market will definitely come, because where there are many people, there will be benefits. This is why no matter what kind of activity, as long as there are many people, there will be people who would rather spend a lot of money to advertise. To put it bluntly, capital can't find such an opportunity, so how can it let such an opportunity slip away.

So, the bull market may be late, but it will come. The current ups and downs are just small fluctuations before the bull market. Just like Sun Yuchen's operation, he has a long-term vision and does not care about the ups and downs at the moment, because he is holding a long-term position. Of course, he certainly did not buy at the lowest point, but just at the position he thinks is most suitable.

For retail investors, the less operations in the bull market, the better. Just hold the chips you approve of and wait for the bull market to come. There is no need to be so troublesome. As the saying goes, "People who pursue perfection the most are the ones who get hurt the most." If you have any different opinions, you can discuss them together. #美国6月CPI大幅降温 #美联储何时降息？ #美国大选如何影响加密产业？ #德国政府转移比特币 #币安7周年