The long-short ratio in the past 24 hours is 0.7, with bulls accounting for 41.29% and bears for 58.71%. The market bears are not backing down, aggressively piling up short positions at highs, but short positions in the futures market are frequently liquidated, struggling to suppress the market. Institutions are buying spot to go long and making big profits, while retail investors are chasing small profits, and large players are frequently thwarted in their shorts.
Today, a total of 158,185 people globally were liquidated, with a total liquidation amount of 586 million USD, and 364 million USD in short liquidations.
BTC
BTC continues to fluctuate, and the trend aligns with my predictions. I planned to buy near 117500, and last night it just hit that position, then fluctuated upward. It won't drop significantly for now, ETH continues to soar, and upward fluctuations are the best trend. Those who followed in have already gained a profit of two to three thousand points.
The Bitcoin whale has transferred all 80,000 BTC to Galaxy.
At the beginning of this month, a Bitcoin whale wallet that had not moved since 2011 woke up and transferred 80,000 BTC to a new wallet, creating the largest fund movement since the 'Satoshi era', attracting market attention.
In the past week, this whale has gradually transferred 80,201 BTC to Galaxy Digital, with 40,192 BTC transferred in a single day on July 18. The whale chose institutional channels instead of directly selling to disperse selling pressure and reduce market impact. On-chain data shows that after small initial transfers at the beginning of July, large transfers were completed on the 15th, 17th, and 18th.
Some are worried that more OGs cashing out might lower prices, but others believe that asset flows into the open market are beneficial for decentralization in the long run. Although BTC has recently retreated, it remains strong. On the morning of the 18th, the U.S. House of Representatives passed three cryptocurrency bills (GENIUS stablecoin, Clarity regulation, anti-CBDC law), further boosting the market.
In recent days, the cryptocurrency market has been experiencing a surge, and I'm sure everyone has felt it deeply: almost everything you buy is rising. Isn't this the essence of a 'bull market'?
Perhaps some are still entangled in Bitcoin's double top pattern or think Ethereum is just a flash in the pan... But under the current trend, I believe it is meaningless to debate whether this is a bull market, a bull tail, or a bear market. Especially when everyone around you is advising you to stay out and short, you must decisively stay away.
Currently, the long position entered near 0.91 has gained 328.11%.
BTC represents the trend, while ETH represents the opportunity.
Ethereum is soaring now, and a new opportunity has emerged. Whether you can seize it will determine the final returns of this bull market. There are still many opportunities to get in or revisit, hope everyone grabs the chance.
