Trader Eugene: Closed most of the long positions, locked in profits, ready for the next opportunity
On July 22nd, trader Eugene Ng Ah Sio posted on his personal channel and said, "I have already sold off the majority of my long positions. Ethereum has gone up from $2500 to $3800. To witness such a price movement within two weeks is the best result I could have hoped for."
"I think the 'easy' part of this trade has come to an end. If I were to keep holding, I would need to have more mental strength when it comes to breaking the all-time high. I have never been good at following momentum trades, so I leave this aspect to those who are skilled at it. From a position standpoint, the market has changed from 'underleveraged' to 'overleveraged', and institutional buyers have significantly increased their positions in the past few days."
"ETHBTC has also just reached my mid-term target of 0.03, indicating that the entire trading concept has been almost completely achieved. Now, I decide to take profits and get ready for the next opportunity."
3 minutes ago
Peter Schiff: ETH Returns to Its Trading Range Again, Now is a Good Time to Sell
On July 22nd, the economist and cryptocurrency critic Peter Schiff tweeted, saying, "Ethereum is approaching the upper limit of its trading range once again. If you hold some, this is a good opportunity to sell. Although I am reluctant to acknowledge it, selling Ethereum and converting the proceeds into Bitcoin is a better choice than continuing to hold Ethereum."
3 minutes ago
LD Capital Founder Jack Yi: The Law of Cycle Surge in the Crypto Bull Market Has Begun, with Major Coins Leading the Way
On July 22nd, Jack Yi, the founder of LD Capital, posted on social media, saying, "The law of the bull market rally cycle has set in. Mainstream coins like XRP, SOL, LTC, and UNI are taking the lead. As long as there are no unexpected developments in the US stock market and the crypto bill is passed, the huge funds in Wall Street may enter the market in a concentrated manner. Although swing trading has been tried, most ended up 'buying high and selling low', resulting in more losses than gains. It is similar to angel investment, both mentally and financially draining."
Prior to this, Jack Yi stated that there has always been a rule of cyclical rise in the cryptocurrency bull market. BTC and ETH surge first, followed by the rise of mainstream mid-cap tokens such as XRP, LTC, UNI. Finally, various strong altcoins surge. It is necessary to strive to invest in the right projects in order to outperform the market.
3 minutes ago
JPMorgan Chase Explores Issuing Loans Backed by Customer Cryptocurrency
On July 22nd, JPMorgan Chase is delving into the potential of using customers' cryptocurrency assets as collateral for loans. This indicates another indication that one of the largest banks in the US is pushing for crypto assets to enter the mainstream financial system. If this policy is eventually carried out, it will signify a notable shift in the stance of JPMorgan Chase CEO Jamie Dimon. Eight years ago, Dimon referred to Bitcoin as a "fraud", claiming that it would "eventually explode" and was only beneficial for drug dealers and murderers. Insiders disclosed that JPMorgan Chase might start accepting cryptocurrencies like Bitcoin and Ether as collateral for direct loans as early as next year, yet the plan remains subject to alteration. JPMorgan Chase declined to provide comments on this matter. (FXStreet)
3 minutes ago
Binance Wallet: The Codatta token XNY will officially enter circulation tomorrow at 20:00 UTC. Pre-TGE participants will be able to trade the token.
July 22nd. Binance Wallet made an announcement that the "Codatta (XNY) token will officially commence trading at 8:00 PM on July 23rd, 2025, according to Beijing time. Users who took part in the Codatta Pre-TGE will be able to trade the XNY token on Binance Alpha. The winners of the 1st and 2nd week Codatta Booster events can claim and trade XNY tokens within 8 hours after the start of token circulation."
3 minutes ago
Bedrock: BR price experienced significant volatility today. Users are advised to stay rational when trading or providing liquidity
On July 22nd, Bedrock made an official announcement stating, "After Binance announced the new Alpha trading rules on July 21st, liquidity outflows were noticed in the BR/USDT liquidity pool. Although the price of BR initially remained stable, starting from 02:00 UTC on July 22nd, an intensified fluctuation in price was observed. Users are advised to remain rational when trading or providing liquidity."
The LP address of Bedrock on PancakeSwap remains unchanged, and the official team has not removed any liquidity.
3 minutes ago
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