Ethereum founder liquidates and cashes out, market trend suddenly changes! Investors holding ETH should be careful. The co-founder Jeffrey suddenly transferred ETH worth $260 million to the exchange last night, almost clearing his position.
Ethereum co-founder Jeffrey suddenly transferred ETH worth $260 million to the exchange to liquidate. At the same time, a mysterious whale used $800 million to open a 40x leverage to go long on BTC, and the monetary policy signals released by the Federal Reserve made the market even more foggy. This multiple contest of insider trading, leveraged games and macro policies is pushing the market to a critical decision point.
This is his third accurate escape from the top - he cleared his position at $3,800 in March last year and cashed out at $3,700 half a year ago, and each time he stepped on the top area. This time he didn't even want the last position, which means that ETH may have peaked. From historical data, ETH has nearly doubled from $1,390 to $2,736, which is in line with the "doubling means peaking" mantra in the currency circle. Although some people think that Ethereum can rise to $3,000, my suggestion is: holders should reduce their positions first when it is around $2,700, and stop when it reaches $3,000 at most, and don't wait until it explodes to regret.
What's even crazier is that a whale opened a 40x leverage to go long on Bitcoin when it was $111,000. Once the $800 million principal falls below $100,000, it will explode.
This guy just went all-in when Bitcoin broke through in the first half of the month, and now he has made 50% and is quickly closing half of his position. His operation is quite wild. However, his prediction is consistent with the on-chain data - Bitcoin Greed Index is 75, and according to historical rules, it may peak at $115,000-120,000. But this time the situation is special. Wall Street has poured in funds through Bitcoin ETFs, attracting nearly 10 billion in a month, and Bitcoin has been kept at a high of $112,000. According to this amount of funds, the top may really reach $140,000, but it will inevitably plummet afterwards.
Ethereum founder clears positions: another warning from the master of escaping the top?
On-chain monitoring data shows that Jeffrey transferred all the remaining 78,000 ETH in his wallet (about $260 million at the current price) to the Kraken exchange at 21:43 UTC on May 22. This operation caused a violent shock in the market, because its historical operation track can be called a "precise top escape textbook": 6 months ago, ETH sold 20,000 coins when it was at $3,700, and 1 year ago, ETH transferred out 10,000 coins when it was at $3,800, and both times were accurately sold at the top range of the stage.
It is worth noting that ETH's recent trend is triggering the historical law of "doubling to the top": the current round of rise from $1,390 has reached $2,736, an increase of nearly 100%. The phenomenon of "bottom doubling is the top" in the Bitcoin cycle is also significant: key nodes such as 15,000 | 30,000, 25,000 | 49,000, and 38,000 | 74,000 all conform to this pattern. ETH's current position is highly similar to the technical form before the two attacks on $4,000 in 2021. Although the number of active addresses on the chain is still growing, the frequency of large transfers has fallen by 12%.
However, the contradiction lies in: according to the historical backtest of Bitcoin's "greed index peaking at 85", the current index of 75 indicates that its top may be between $115,000 and $120,000 (currently $112,000), while ETH has doubled ahead of schedule. Behind this differentiation is the reshaping of the market by Wall Street institutional capital - Bitcoin spot ETFs have inflows of nearly $10 billion a month, taking on unimaginable selling pressure in the traditional market, forcibly smoothing out the correction that was supposed to occur.
