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Brothers, Boss Ma Ji finally can’t hold it in any longer—he added to his position again! 😱
Entered with 25x leverage, going in with 9,588 $ETH
worth $17.44 million, at an average price of $1,771.69; currently up $460K on paper.
This big brother has been adding from December last year all the way up to now, adding to Ethereum the entire time. His position grew from 6,225 ETH to 9,588 ETH, while his average cost kept averaging down from $3,086 all the way to $1,771. He’s ruthless for real.
It’s not just him doing it. Bitcoin $BTC
and spot Ethereum ETFs have just ended eight straight weeks of net outflows. Last week, both turned positive—Bitcoin ETF weekly inflows were close to $200 million, and Ethereum ETFs also saw $84.42 million in inflows. Institutional money is running back.
Sharplink research director Steven Ehrlich also specifically published an analysis, saying that Ethereum rose by about 11% at the start of July. Historical data shows that in years when July is up, the average gain is 43%, while in years when July is down, the average drop is only 5%. The numbers are pretty interesting—there’s far more upside potential than downside potential.
Ethereum’s latest price is 1,822.85, up 1.66% over the past 24 hours. The high touched 1,827.8, and the RSI reached 88.76. In the short term it’s indeed a bit hot, but the trend is right here. BTC at 64,365 holding steady
$PYR
People generally can’t learn this kind of high-leverage play like Boss Ma Ji, but you can still think through the direction.
ETF capital returning + institutions moving in + the historical pattern for July—these few things are lining up.
But then again, this round of ETF inflows only recovers about 3% of the 94.6 billion outflows from the prior eight weeks. Don’t get too carried away.
Where do you think ETH can run to this time—can Boss Ma Ji grab a big win and take home the big meat tonight? Chat in the comments 👇