#Gate广场五月交易分享 BTC/ETH Spot Observation | Ten Years of Holding Positions, 3,650 Days · Check-in Day 78

Currently, the market is experiencing intense battles between bulls and bears, with institutional capital flows and whale actions showing clear opposition. Mainstream cryptocurrencies are repeatedly oscillating at key support levels, further amplifying market disagreements.

Bitcoin BTC

Price repeatedly tests the critical support level of $75,000, with capital behavior showing polarization. Market sentiment distribution: 40% bullish, 40% bearish, the remaining neutral.

Bullish viewpoints
Fidelity, Bank of America, and other traditional financial institutions continue to increase holdings of Bitcoin-related assets, indicating strong fundamentals for institutional allocation. Long-term Bitcoin holders have surpassed 16.3 million coins, approaching a historical high, with on-chain accumulation signals clear.
The U.S. House of Representatives is advancing the Strategic Bitcoin Reserve Bill, proposing to lock assets for 20 years, with policy support exceeding expectations. During the downtrend, whale addresses remain net buyers, Coinbase spot orders show large buy orders to support the market, and major players are clearly accumulating on dips. Meanwhile, Circle has launched the cirBTC tokenized product, continuously expanding the institutional Bitcoin application ecosystem, with long-term demand reinforced.

Bearish viewpoints
The narrative of Bitcoin as “digital gold” has weakened, with its role as a hedge against dollar depreciation and geopolitical risks diminishing. With the new Federal Reserve Chair taking office, the market is reassessing rate hike risks, and U.S. Treasury yields have risen to 4.6%, with the high-interest-rate environment continuing to suppress risk assets.
Tensions in the Middle East are escalating, oil prices rebounded above $105, and global inflation expectations are warming, increasing market risk premiums and putting further pressure on Bitcoin valuation.

Ethereum ETH

Market divergence is also significant here. The spot ETF has experienced net capital outflows for 10 consecutive days, with institutional and whale operations showing different rhythms. Market sentiment distribution: 39% bullish, 44% bearish, with the rest neutral.

Bullish viewpoints
Bitmine appears to have increased holdings by 60,000 ETH, worth approximately $125.9 million, signaling long-term optimism from large institutional allocations. Grayscale research indicates that as industry regulation gradually clarifies, mainstream public chains like Ethereum will prioritize absorbing institutional capital.
The total market cap of tokenized stocks has surpassed $1.6 billion, with Ethereum leading the sector at 41.1% market share, and the ecosystem’s landing and application expansion momentum remains strong.

Bearish viewpoints
ETH spot ETF has experienced 10 days of continuous capital outflows, with a single-day net outflow of $6.6736 million, continuing the trend of institutional capital leaving. Whale actions are bearish: nemorino.eth has liquidated 8,424 ETH, losing $2.25 million; another whale sold 20,000 ETH at an average price of $2,059, signaling high-level profit-taking.

Trading Strategies and Holding Principles

The entire market is in a state of divergence and oscillation, making it difficult to predict the direction of price movements. We adhere to the Tidal Trading System and Gamma Harvesting strategy, avoiding betting on a single-sided trend, focusing instead on harvesting fluctuations within ranges.
Using key price levels to define grid zones, layering orders, taking profits in batches, and adding positions cautiously with reconnaissance small positions to probe market turning points. Fully implementing five-level risk control standards, strictly managing positions and leverage, never holding heavy positions to endure swings.

Market fluctuations are normal; a robust trading system and risk control bottom line are the foundation for long-term stability. Stay true to your original intention, steadily advance, accumulate compound interest over time, and walk alongside fellow holders toward long-term goals.
$ETH
BTC repeatedly tests the $75,000 support
Institutional and whale actions oppose each other, with bullish and bearish disagreements at full tension
Stick to the trading system, profit steadily amid volatility

ETF capital outflows, whale operations diverge
Ignore emotional guesses, follow rules for trading
Risk control as the foundation, compound interest as companionship, steady progress leads to long-term success