From the perspective of long-term holders, ETH has reached a critical position in the game (marked by the yellow zone). However, if we look solely at the NUPL indicator, the situation becomes even more interesting — data shows that ETH is at a turning point between the bull and bear cycles (orange zone). The signals from these two dimensions are not perfectly synchronized, which is exactly the complexity of the current market.

#数字资产动态追踪 $PEPE's shorting opportunity hasn't arrived yet, don't rush to enter the market. I estimate this small bull market can last about 15 to 20 days, so never chase highs and keep a close eye on market movements. Once the opportunity to short at high levels comes, single trades can yield millions. Honestly, I have a good idea of the highest point of this rally — with a high probability, I can secure a million-dollar profit within the first three months of this year. The downside risk points worth paying attention to: a black swan event could cause a spike around 0.0027, but that isn't the bottom. The real breakdown is expected around next month, with my forecast in the range of 0.0005 to 0.0008. Once it reaches 0.0008, that's enough — no greed. $BTC $ETH, these two mainstream cryptocurrencies' movements will put pressure on PEPE, so continuous observation is needed.

BlockBeats News, January 2 — According to Hyperinsight monitoring, the following are the major whale movements with new position adjustments from 10:00 to 20:00 today: Bullish camp: A whale/institution that previously lost $13.73 million by high buying and low selling ETH over a week in November spent $9.95 million to buy 2,251 XAUt (gold tokens), with an average price of $4,420. "Brother Maji" Huang Licheng reduced his ETH long position with 25x leverage to 8,000 ETH to take profit, and added a new 10x leveraged long position of 11,888.88 HYPE. Bearish camp: A whale who borrowed 5,000 ETH to short sell one month ago closed their position after ETH reached $3,000, earning approximately $390,000 from this short. A major whale (0x218) increased their ETH short position to 18,875.18 ETH, worth $57.32 million. "Shanzhai Air Force Leader" LIT short position increased to 3,813,196 LIT, now the largest on-chain short position for LIT.