The enthusiasm for predicting the market is slowly dissipating, and the attention of major funds has finally turned back to mainstream cryptocurrencies. Many are predicting how high this round of market can go. Today, we won't discuss vague theories; let's directly analyze the market and see what actions the main players have taken and which whales have quietly started.
Bitcoin: $168 million super order as a foundation, overall direction is bullish
Let's start with Bitcoin. Everyone can pull up the Bitcoin market. The movement in the past two days has been quite noticeable: every time the price slightly pulls back, there is support from below. This buying power is not from retail investors; there is indeed significant capital laying the groundwork.
There are two orders worth noting. Yesterday, a super major player opened a long position of $168 million, which is the first capital to probe the market, and serves as the base for this bullish trend. Looking at the market, at the peak position of the first rally, there appeared to be over $10 million in profit-taking.
Many people panic when they see liquidation, but profit-taking does not mean that the main players are turning against the trend; it merely shows that they are securing profits or stopping losses. Compared to the $168 million base capital, this volume hardly counts as a reversal.
At the second peak position, a major player opened a short position of $13 million, but when the price slightly pulled back, this short position was liquidated.
Our research institute believes this looks more like a short-term arbitrage by the upper major players, rather than a trend-following short sale.
Overall, the conclusion is clear: the core direction of the main players remains bullish. Of course, this does not mean it will rise without retracement; there will definitely be short-term short opportunities in between. However, the main theme is funds flowing back into bullish positions. Everyone can continue to track major orders for both long and short opportunities. The overall direction has now turned bullish, as main players withdraw from the prediction market, and funds begin to return to their positions.
Ethereum: Short positions pressing down, explosive power weaker than Bitcoin
After looking at Bitcoin, let's switch to the Ethereum market.
Unlike Bitcoin, the largest transaction on the Ethereum market is a short position, which was also set on July 19. In the current Ethereum market, a $3 million order is considered a large order, and this short position is as much as $12 million, which is extremely significant.
Comparing the data of the two assets clearly shows the conclusion: the funds flowing back from the prediction market prioritize Bitcoin, where the bullish consensus is stronger; Ethereum has not seen the same level of buying support, making the upward explosive power much weaker. So the strategy is simple: those who are firmly bullish should prioritize opportunities in Bitcoin; those leaning towards short positions can find more elasticity and space in Ethereum. Both sides can follow the pace of major orders, greatly increasing the odds of success.
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Two core uses of major orders, even beginners can grasp
Friends of AiCoin, be sure to utilize the major order function in these days. Many members are unsure how to use it after signing up, so today I’ll share two of the most practical methods. 
The first is the major transaction method, which is also the most reliable entry method. As we mentioned at the beginning, the $168 million super long order was executed with real money, making the direction very clear. You can build your trading system along this main direction, significantly reducing the probability of making mistakes. Beginners who do not understand the order hanging strategy can first use this method, following along with the executed super orders, which will help avoid pitfalls.
The second is the major attraction method. When there is an obvious buy wall or sell wall on the market, or when super large orders are placed not far from the current price, you can think in this way. Main players will use large order walls to guide market sentiment to hit their target price, essentially meaning "when the wall falls, everyone pushes"—when the price approaches the large order wall, retail investors often cannot withstand the volatility and are easily forced to relinquish their chips. Of course, keep an eye out: main players frequently place and cancel orders to test the market; only those consistently held without withdrawal indicate true confidence in that position by the main players, which can be treated as a potential target reference.
Why is it important to understand how major players operate? Because trading in the direction of the main players not only increases your success rate but also reduces the stress of drawdowns, allowing for stable profitability.
Chip distribution: Accurately identifying support and resistance levels
Simply looking at direction is not enough; we should accurately identify the specific support and resistance levels through chip distribution and indicators. First, temporarily hide the major orders and bring out the chip distribution tool. It’s recommended to use Binance’s BTC perpetual contract data for more accuracy. In the 30-minute cycle, the average chip cost for Bitcoin recently is around 63971, and the current price is 63945, basically sitting on this cost line, leaving little space downward. 
Here’s a little tip for observing chips: focus on two things: first, the blue label line, which indicates the average holding cost of the entire market recently; second, the chip peak, the most prominent peak indicates the corresponding support and resistance levels.
In the current chip structure of Bitcoin, there are two obvious peaks, with strong support likely around 62734.
If you think it will drop a bit more, you can look to gradually accumulate near these positions. Of course, it’s not always the case that it will only rebound from the support level; just remember these two support levels for your own mental referencing during pullbacks.
Now looking at Ethereum, the recent average chip cost is around 1736. From the chip structure, there is indeed some space for shorting. Ethereum has more chip peaks, with a total of three key positions to reference.
By aligning with the direction of major orders and using tools to correctly gauge the points, entering the market quietly and following along will increase your efficiency in earning.
That’s about it for today’s core content. If you'd like to discuss more details, feel free to contact customer service to join the live fan group, where market fluctuations will also be shared.
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This article only represents the personal opinions of the author and does not reflect the platform's stance or views. This article is for information sharing only and does not constitute investment advice for anyone.
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