Last night the market went crazy, right? Bitcoin shot up to $94,000, and Ethereum also surged.
What’s even more exciting is that the guy known as the 'BTC OG insider whale' made a big move again! He deposited 50 million USD all at once last night and added 985 ETH long positions.
Some say he has insider information; he can accurately trade before Trump makes any statements. Just from the end of last month to early December, he made some small profits by going long and short on Ethereum. With this latest addition, his total ETH long position has almost reached 270 million USD, with an unrealized profit of over 15 million. What do you think? Is this big player sensing something we don’t know, or is he playing a big game by himself?
This whale is a barometer that must be watched but should never be blindly followed. He can operate with 5x leverage and positions worth hundreds of millions, all while being highly synchronized with policies. This is clearly not a retail investor's game. Sometimes, these high-leverage positions of whales can also be 'precisely harvested' by the market, and blindly following them is just gambling. Moreover, the market isn't all sunshine right now; the Federal Reserve is about to announce its interest rate decision at dawn. Whether it will 'inject liquidity' into the market or 'throw cold water' is uncertain.
So, what should we do? My own view is:
Don’t get too excited, don’t FOMO: If the whale is having soup, we can watch the show, but don’t force your way to the table. His actions can be referenced, but they are certainly not a 'mandate' for you to open a position.
Watch the big environment: Yesterday’s surge was greatly related to the market's rising expectations for the Federal Reserve to cut interest rates. But tonight, when the shoe drops, if the Fed’s words are not 'dovish' enough, the market could turn on a dime.
Control your hands, wait for direction: Before the biggest uncertainty of the Fed's decision passes, don’t have too heavy a position. If you really want to trade, also try to wait for market sentiment to stabilize and show a clear direction.
This whale is aggressively opening long positions in the futures market, but recently he has also started quietly accumulating ETH in the spot market using 'non-leveraged funds'. What is hidden behind this 'two-legged' approach? Follow us, and next time we’ll specifically analyze how this big player balances excitement while hoarding resources.
Are you ready for the interest rate cut tonight? The opportunity might be laid out in advance in the village; those who recognize it, there’s a place in the chat room!
