Garrett Jin: ETH is in the bottom range, with whale accounts incurring a floating loss of $78.3 million
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Garrett Jin pointed out that the ETH to Nasdaq 100 index ratio has bottomed out near 0.11, indicating that ETH is in a bottom range; the BTC relative strength index has fallen below 30, suggesting that BTC is about to enter a bull market. In addition, the "BTC OG insider whale" account currently has a total unrealized loss of $78.3 million, with only $15.92 million in margin remaining, holding $573 million in ETH long positions, $85.18 million in BTC long positions, and $31.57 million in SOL long positions.
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