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PANews, December 19 — According to a summary by @ai_9684xtpa, Garrett, a suspected trader holding 200,000 ETH in a long position, posted again today, expressing optimism about BTC and ETH entering an upward trend, with the first target prices set at BTC $106,000 and ETH $4,500. He analyzed that macro bearish factors are weakening, there is no systemic risk in the US stock market, and ETH is expected to outperform the Nasdaq 100 in the coming months. Currently, his total long position, valued at approximately $693 million, is still at a floating loss of $42.55 million, with the ETH entry price at $3,147.39 and BTC at $91,506.7.

Garrett Jin, a suspected trader holding 200,000 ETH in a long position, posted today expressing optimism about BTC and ETH starting an upward trend, with initial target prices of $106,000 and $4,500 respectively. He pointed out that macro bearish factors are weakening and there is no systemic risk in the US stock market, and that ETH is expected to outperform the Nasdaq 100 in the coming months. Currently, his total long position, valued at approximately $693 million, is still at an unrealized loss of $42.55 million. The entry price for ETH was $3,147.39, and for BTC was $91,506.7.

After the Bank of Japan raised interest rates, BTC rose from $85,200 to $88,000 within 5 hours. This rate hike did not trigger a capital flow into the yen. Open interest grew faster than price, and the funding rate turned positive, indicating the emergence of new leveraged long positions rather than short covering. Open interest for SOL and XRP declined, the altcoin season indicator hit a new low, and ETH outperformed BTC.