1011 Whale's latest judgment: BTC/ETH is in an upward continuation pattern, with macro rotations driving high-beta assets higher.

According to the latest news, Garrett Jin, known as the “1011 Insider Whale,” posted a viewpoint on the X platform, believing that BTC and ETH are in a sustained upward trend with room for further growth. This judgment is based on macro market risk appetite rotation—while the Nasdaq index declined, the Russell 2000 performed well, indicating continued capital inflow into high-beta cryptocurrencies. Combined with the current BTC price performance and whale’s technical analysis, this viewpoint is worth noting.

Macro Background: Signals of Risk Appetite Rotation

The whale’s reasoning is based on a classic market phenomenon. When the Nasdaq index falls while the Russell 2000 performs strongly, it typically reflects an increase in market risk appetite—that investors shift from large-cap blue chips to small-cap growth stocks, a typical risk asset rotation signal.

In this context, cryptocurrencies, as high-beta assets, naturally become targets for capital inflow. This explains why, during periods of rising macro risk appetite, BTC and ETH often show strong upward performance.

Market Status: BTC Shows Significant Gains

According to the latest data, BTC is currently priced at $96,654.64, demonstrating a clear upward trend:

This data supports the whale’s judgment that “the upward trend is ongoing.” Especially the 7-day and 30-day gains indicate that BTC’s rise is not just short-term volatility but has some persistence.

ETH Technical Targets: Upside Potential from Technical Perspective

Based on relevant information, the whale conducted a detailed technical analysis of ETH. He believes that the C-wave decline of ETH started on October 10, 2025, with the overall downtrend being halted around November 20. The fifth wave of decline failed on December 18, indicating trend momentum exhaustion. Based on this analysis, the whale considers ETH has re-entered the fifth wave of the upward channel that began in April 2025.

Specific target levels are as follows:

• Conservative target: $5,413
• Aggressive target: $7,155

This means that, from the current price, ETH still has considerable upside potential.

Signal Verification: Whale’s Holding Profitability

An interesting detail is that, according to the latest monitoring data, the whale currently holds over $51.05 million in floating profit. This indicates that his viewpoint is not only based on theoretical analysis but also supported by actual holdings—holding over $50 million in floating profit clearly boosts confidence in his market outlook.

Although he has a loss of $6.64 million in funds, the overall floating profit remains positive, which enhances the credibility of his perspective.

Summary

The core logic of the whale’s viewpoint is clear: macro risk appetite rising → capital flows into high-beta assets → BTC/ETH continue to rise. From current market performance, BTC’s gains have preliminarily validated this logic, while ETH’s technical targets provide reference for subsequent movements.

However, it is important to note that these are judgments and expectations based on current information. Market changes are rapid, and macro risk appetite could shift. Future focus should be on how long this risk appetite rotation can last and whether new macro factors will alter market sentiment.