Ethereum has been performing much more strongly than Bitcoin recently, and there's a clear underlying reason—the immense pressure MicroStrategy is under.
You can see clues from the US stock market: BNMR surged 10% tonight without even pausing for breath, while MSTR also spiked 8%, but then people immediately started selling off. This is a sharp contrast.
Another source of support comes from the whale on HYPE who has been stubbornly long on Ethereum, still holding their position. This guy is single-handedly keeping ETH's price at these high levels. That said, if this whale decides to exit, the slight premium Ethereum currently holds over Bitcoin could disappear in an instant.
With such aggressive gains, it's always wise to stay calm.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
16 Likes
Reward
16
7
Repost
Share
Comment
0/400
MemeEchoer
· 21h ago
Hmm... can this giant whale really hold up? It feels like a change is coming at any moment.
View OriginalReply0
AirdropHunter
· 12-09 21:32
If this whale makes a move, ETH will be cut in half. Right now, it's just a bluff.
View OriginalReply0
DeepRabbitHole
· 12-09 21:31
If the whale pulls out, ETH will instantly drop back to its original level. Can this increase really be trusted?
View OriginalReply0
GasFeeBeggar
· 12-09 21:22
Wait, is this whale really still holding on? Feels like it could blow up at any moment.
View OriginalReply0
DegenGambler
· 12-09 21:20
Once the whales pull out, it's over. Anyone buying at the top now will end up crying.
View OriginalReply0
UncleLiquidation
· 12-09 21:12
If this whale lets go, ETH is done for. Don't cry when that happens.
View OriginalReply0
YieldWhisperer
· 12-09 21:06
wait, let me actually run the numbers here... MSTR pumps 8% then immediately sees distribution? that's literally textbook whale exit pattern i've tracked a thousand times. the math doesn't check out for this being organic demand lol
Ethereum has been performing much more strongly than Bitcoin recently, and there's a clear underlying reason—the immense pressure MicroStrategy is under.
You can see clues from the US stock market: BNMR surged 10% tonight without even pausing for breath, while MSTR also spiked 8%, but then people immediately started selling off. This is a sharp contrast.
Another source of support comes from the whale on HYPE who has been stubbornly long on Ethereum, still holding their position. This guy is single-handedly keeping ETH's price at these high levels. That said, if this whale decides to exit, the slight premium Ethereum currently holds over Bitcoin could disappear in an instant.
With such aggressive gains, it's always wise to stay calm.