Suspected "1011 Insider Whale" Garrett Jin: Probability of ETH outperforming the Nasdaq 100 increases in the coming months
PANews reported on December 19 that the suspected "1011 Insider Whale" Garrett Jin recently posted on X, stating that the ETH/Nasdaq 100 Index ratio has repeatedly bottomed out around 0.11. This suggests that ETH is currently in a bottom range, and the probability of outperforming the Nasdaq 100 Index in the coming months is increasing, with a target ratio between 0.16 and 0.22. This implies an upside potential of approximately 50% to 100%. Given the high correlation between Ethereum and the Nasdaq 100 Index, a significant divergence is unlikely to persist. Mean reversion is inevitable, especially in the broader policy context where the US may restart quantitative easing, directly distribute cash stimulus to households, and with US Securities and Exchange Commission Chairman Paul Atkins accelerating the migration of US stocks on-chain to Ethereum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Williams: The Federal Reserve Currently Feels No Urgency to Take Action
Canton Foundation: DTCC Officially Becomes a Canton Network Super Validator Node
Market Analysis: Bank of Japan Unlikely to Raise Interest Rates Again Before June Next Year
Stablecoin infrastructure Nodu completes $1.45 million Pre-Seed funding round, led by Digital Space Ventures
