The smart money situation chart shows that a large number of short positions have been closed, and even long positions have started to be added. At this point, it is recommended to stay in cash and observe. For those who want to short like last night, it is suggested to short BTC above 90000 and ETH above 3030.
The Bank of Japan raised interest rates by 25 basis points as expected.
According to Jinshi Data on December 19, the Bank of Japan raised the benchmark interest rate from 0.5% to 0.75%, in line with market expectations. The interest rate level has reached a 30-year high, and this is also the first rate hike by the Bank of Japan in 11 months since January 2025.
The recent market is like a monkey, jumping up and down, making it very difficult for trend traders; they can only take a quick bite and run, and as soon as the pattern forms, they incur losses.
The smart money situation chart shows that compared to yesterday, the amount of ETH short positions held by these wallets has basically not changed, and the corresponding price is still hovering around 2830. BTC, BNB, and SOL long positions have begun to gain an advantage, but the volume is not large, indicating that the short positions from yesterday have taken profits and closed to switch to long positions.
Last night's price action with the up-and-down spikes, if you managed to not incur any losses, then you did really well, because even if you made the right call and set a strict stop-loss, getting taken out is normal.
From the smart money sentiment chart, it can be seen that ETH is still dominated by short positions, but the short position volume yesterday was 200,000. After last night's spike, the volume has dropped to 100,000, indicating that a significant amount of smart money was also stopped out yesterday. For example, in the second chart, this smart money with 25,000 ETH short positions was stopped out by the spike, with a single loss of 200,000. Even those who often walk by the river will occasionally get splashed.
As mentioned yesterday, 2800 is still not the low point of this round; the current market's bearish energy has not yet been fully released, and bottom-fishing to go long can only be a bet on a rebound.
Uncle Magic really has infinite bullets. He exploded so many times, and last night he rushed in 1,200,000 U again, opening 4,050 long ETH positions with an entry price of 2,940. However, the smart money I monitor shows that everyone is going short. Can he make it to the other side this time?
eth is so disappointing, just after posting, it plummeted by 100 points, and it's still Sunday, let's continue to see.
区块动力
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It is expected that we will see around 2300 ETH before the end of December. Over the past week, the rebound strength of $ETH has continued to weaken, and the 4H level downtrend line still firmly suppresses the price. None of the three rebounds were able to break through the resonance area of MA60 and the trend line, which is highly similar to the structure of multiple downward cycles from 2022 to 2023.
From a historical large sample perspective, under the combination of 'weak rebound + trend line resistance + decreasing volume,' ETH typically enters a new round of decline in the next 1-3 weeks, with an average drawdown range of about 25-30%. Based on the current structure, if this pattern continues, the decline from around 3200 is expected to approximate a drop of about 28%, corresponding to a target range right at 2300-2400, which also coincides with a densely supported area across multiple cycles.
At the same time, on-chain activity, funding rates, and derivative positions are also weakening synchronously, indicating a lack of sufficient upward momentum in the short term.
In simple terms: as long as ETH cannot clearly break through the trend reversal area of 3300, moving towards around 2300 by the end of this month is a highly probable event. For short-term traders, this market condition is more suitable for following the trend; for long-term investors, the 2300 area may become the next potential strategic allocation point.
It is expected that we will see around 2300 ETH before the end of December. Over the past week, the rebound strength of $ETH has continued to weaken, and the 4H level downtrend line still firmly suppresses the price. None of the three rebounds were able to break through the resonance area of MA60 and the trend line, which is highly similar to the structure of multiple downward cycles from 2022 to 2023.
From a historical large sample perspective, under the combination of 'weak rebound + trend line resistance + decreasing volume,' ETH typically enters a new round of decline in the next 1-3 weeks, with an average drawdown range of about 25-30%. Based on the current structure, if this pattern continues, the decline from around 3200 is expected to approximate a drop of about 28%, corresponding to a target range right at 2300-2400, which also coincides with a densely supported area across multiple cycles.
At the same time, on-chain activity, funding rates, and derivative positions are also weakening synchronously, indicating a lack of sufficient upward momentum in the short term.
In simple terms: as long as ETH cannot clearly break through the trend reversal area of 3300, moving towards around 2300 by the end of this month is a highly probable event. For short-term traders, this market condition is more suitable for following the trend; for long-term investors, the 2300 area may become the next potential strategic allocation point.
Today's airdrop starts at four o'clock in the afternoon, with a score line of 252 points. It's first come, first served, and there is very little meat, yet the score line is still high. It seems that there are quite a few people who are persevering.
Today's airdrop score line has returned to 256 points. It starts at 4 PM on a first-come, first-served basis, so be prepared if you have enough points.
The score dropped, it was 256 yesterday, today it decreased to 241. Arrive first at 7 PM, friends, let's run! After finishing this round of check-ins, we're done.
The recent score line is really high, today's airdrop starts at 6 PM, 245 points first come first served, it seems everyone is holding on, not many people are resigning.
Today's airdrop is here, starting at 4 PM. The score threshold is 245 points, first come first served. The score threshold is really high, many friends haven't had meat for a long time, right? If so, give a thumbs up and see how long you've been hungry.
The panic index has reached 16, at this time everyone's participation sentiment is at its lowest point. Often, this is when one should firmly enter the market and go long, with a big cake at 94000 and eth at 3150. Set your stop loss, and boldly increase your position to go long.
Just had a friend report that the airdrop appeared and then disappeared, now the official announcement has come, first come first served at 235 points, there are still 15 minutes, everyone get ready.
Yesterday's airdrop sent out 300,000 copies, many with 180 points were able to grab it, which can be considered a blessing, being able to sell for over 40 U is also a good gain; today's airdrop came relatively late, starting at 9 PM, first come first served for those with 230 points.