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Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/9850662513 At 20:30 on Thursday, as the first week of July unemployment data in the United States is about to be released, the financial market is holding its breath, and the Ethereum whale has quietly stirred up a storm. **3 hours ago, a giant whale with the code name "07.06 Cycle Long" withdrew 3 million USDC from the Lighter protocol, bought 1182 WETH coins in lightning, and then deposited them into Compound to pledge and lend 2 million USDT, further increasing its ETH position. At this point, the total holdings of the giant whale have reached 1969 ETH, with an average cost locked in at $2539. And another giant whale laid out earlier and has been continuously attracting funds since June 10th. ——The long short life and death line behind the giant whale's bet The frenzy of whale hunting is not an isolated signal: -On a technical level, ETH is currently in a key volatile range of $2420-2550. If it stabilizes at $2550, it is expected to impact $2650; But if it loses the support of $2420, it may fall into the abyss of $2200; -On chain data shows that the supply of ETH on the exchange has dropped to 17.1 million, and the accelerated outflow of tokens indicates that a reversal is imminent; -Macro black swan spiral - Trump and Musk engaged in a verbal battle over the "Big and Beautiful Act", with Trump even threatening to review Dogecoin, causing the cryptocurrency market to evaporate 3.1% of its market value within 24 hours. The lesson of history still remains: similar conflicts in June triggered a market crash of 5.1% and nearly $1 billion in positions were liquidated. ——The undercurrent of derivatives is surging, and the volatility is about to explode The market seems calm, but there are hidden dangers: -Despite the bearish trend in ETH prices, open contracts have surged by $17.5 billion against the trend, and perpetual contract funding rates remain negative, making short sniping costs low; -Once the unemployment benefit data triggers the market, high leverage positions are easily liquidated in a chain. When the "Big and Beautiful Act" was passed on July 2nd, the tragedy of 100000 people flooding the internet was a warning. Tonight, the giant whale's million dollar bet collides with unemployment data, and the market is on the brink of a dramatic shock. If ETH can hold onto the $2420 defense line, coupled with cost support from whales, it may face a bullish rebound; On the contrary, if negative data breaks through the support level, a chain of liquidation may trigger a "death spiral". The only certainty is that the $17.5 billion in open contracts in the derivatives market has prepared ample ammunition for this battle. Operation suggestion: BTC 107500 long. First target: 108300. Second target: 109150 ETH 2530 long first target to see 2575 second target to see 2620 Join the language community communication group to obtain more services 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system- 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Every day, there are teachers in the group who provide precise positioning to answer questions and offer free guidance. Tencent Meeting Live: 985-066-2513 DingTalk Group Number: 120320009032 Every day, there are teachers in the group who arrange precise positioning to answer questions and provide free guidance Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.
