ETH whales have started selling to save themselves. Garrett Jin, Yi, and Tom Lee are either selling ETH to repay staking loans and avoid liquidation (as shown in Figure 2, created by Ghost Tribe Research Institute), or they have already lost nearly $1 billion. Yi has 650,000 ETH with a liquidation price of over $1800. If the price falls, he will be forced to sell ETH to repay loans, causing the market to spiral downwards. Will larger market manipulators be targeting these whales? Currently, the net inflow of Bitcoin whale addresses is almost negligible, indicating that major players are not satisfied with the current price and need it to fall further before it's worthwhile to buy at the bottom!

Bitcoin (BTC) and Ethereum (ETH) have both hit new lows. When will the fifth consecutive target levels be reached: 68,000 and 1,850?

The rebound has ended, and the decline continues! Regardless of the weekly chart patterns for Bitcoin (ETH), the decline is far from over! US stocks have also begun a strong reversal to a downtrend. This is a global asset massacre; the entire world is short of money. As a product of abundant liquidity, cryptocurrencies are currently like a fish that cannot live without water—extremely expensive, and once the liquidity is gone, they'll plummet. Bitcoin will test the $70,000 mark this week, as will ETH at $2,000. BTC at $68,000 and ETH at $1,850 are likely to be entry points for short-term rebounds, but they are unlikely to be the bottom of the bear market. There's no real momentum going on right now!

The market has reached a point where even the most stubborn bulls have to admit that it's transitioning from an early bear market to a deeper one! Looking at the weekly charts for Bitcoin and ETH, a head and shoulders pattern is clearly forming! Bitcoin's April low was $74,508, and the current low is $74,604, a difference of only $100, or 0.1%. Correspondingly, ETH's April low was $1,385, and the current low is $2,157, which seems more like the June low of $2,111. From this perspective, ETH appears stronger, but it could also be argued that ETH hasn't bottomed out yet, and whether it will experience a further decline remains to be seen. If we follow a pattern, the bottom of a bear market often arrives about a year after the peak of a bull market. In October 2025, the peak was $126,199, so the bottom might not be reached until October 2026! Currently, Bitcoin has fallen 40.8% from its high, and ETH 56.4%. Historically, after Bitcoin enters a bear market, the maximum drop is typically 70-80%. The previous three halvings saw maximum drops of 86%, 83%, and 77% respectively (see Figure 3). This time, with institutional entry, the drop is expected to be smaller, possibly 60-70%, or a decrease from 50,000 to 37,000! Understanding the overall market trend is crucial for making trading decisions; this is called the "big picture trading method"—a veteran Dota player here. For at least the next six months, the primary strategy should be shorting at higher levels, then attempting to profit from rebounds at key support levels. However, whether going long or bottom-fishing in the spot market, one should not be too overly ambitious and should take profits when appropriate.

The plunge continues! The promised fourth target of $74,000 for $BTC and $2,100 for $ETH is almost here. Over the past two weeks, four target levels have been announced consecutively. Bitcoin has fallen from around 96,000, and each level has been reached, with some weak rebounds. Those who saw this and took action should have had a prosperous year! Of course, as industry professionals, we certainly don't want this continuous decline! But be prepared for the fifth target: $68,000 and $1,850!

The plunge continues! This is not the bottom! This is not the bottom! $BTC $ETH

Bitcoin has been falling for four consecutive months, the longest such streak I've seen in my eight years in the industry! There are many reasons for this, but the most important is the lack of liquidity in the market. In other words, the biggest facilitator, the Federal Reserve, has kept interest rates too high for an extended period, effectively draining the market. After the previous three halvings, the Fed's highest interest rate was only 1.5%, or even 0%. Now, after so many rate cuts, the rate is still above 3.5%! In this situation, a bull market doesn't resemble a bull market, and a bear market is raging. Perhaps $BTC really will bottom out at $50,000. Will we see ETH at three-digit levels then? (Please type 1 for $ETH)

The promised extreme price spike has arrived! Is Bitcoin (BTC) about to break new lows, potentially falling to the 6s?

The three target levels mentioned two weeks ago have all been reached: $BTC reached the third target of $78,000, and $ETH reached the third target of $2,350. Now, let's add a fourth target: $74,000 for Bitcoin and $2,100 for ETH. Let's see if they are reached within a week!

The market is gradually brewing a major crash! Today, Bitcoin is significantly stronger than ETH, and ETH is showing signs of a correction! This indicates that risk aversion in the market is very strong, and funds are starting to flow into Bitcoin! Currently, traditional financial markets are also experiencing continuous declines, and the entire market is in a state of panic. Therefore, we are not at the bottom yet, and a major crash is expected to end this round of decline!