The big shot is trapped with 50 million! Do you understand the new track he shouted out?
Recently, the well-known "BTC OG insider whale" in the circle has become the focus of the whole scene. He himself is firmly "trapped": his account has an overall floating loss of about 44.2 million dollars, and just the 5x leveraged long position in Ethereum has lost over 36 million, with an average price as high as 3147 dollars.
Don't worry, the big shot not only loses money but also knows how to "call the market". His agent, Garrett Jin, published an article today, proposing a disruptive viewpoint: going long on Nasdaq and shorting COIN would be an effective strategy.
What exactly is he talking about?
His logic is that the assets and liquidity of the U.S. stock market are accelerating their "migration to on-chain". This is beneficial for Nasdaq, which represents technological trends, but detrimental to traditional "gateway" exchanges like Coin, as well as high-frequency trading institutions like Citadel, because profits will be redistributed.
This statement carries significant weight, directly pointing to the core contradictions in the industry. This agent has previously stated that the biggest problem in the crypto industry is the lack of real cash flow. Exchanges and stablecoins earn hundreds of billions of dollars each year, yet there is rarely healthy capital flowing back into the market, leading to market "bleeding". The current "migration from stocks to on-chain" may be his view of the trend-based answer to solve this problem.
What is the impact on the market?
The viewpoint of this big shot is actually placing a bet on a longer-term track. This means that the value discovery in the crypto market is shifting from merely "speculative narratives" to a more fundamental "infrastructure narrative".
Understanding the "protagonist" and "supporting role": In the future, the value of core infrastructures like Ethereum may be re-evaluated, while some intermediaries that only serve as "gateways" may face shocks.
Don't follow the big shot's one-sided operations: The big shot can withstand floating losses of tens of millions, but you cannot; however, his "strategic calls" are worth pondering.
The big shot has paid the tuition for the trend with his own losses in advance. Do you understand the arrangement he has set up now? Will the day his long position is released be the moment this new track erupts?
There are no deities in the crypto circle, only teachers with a good mindset. If you don't know what an effective breakthrough or a coin with 10x returns is, follow the leader and join the village!
