A seasoned crypto investor has held on for over a month and finally saw a turnaround after a correction. With a position size of $800 million, invested in Bitcoin, Ethereum, and Solana, the unrealized gains on the books now amount to $2.68 million. From being trapped to turning green, this patient harvest may be worth the market participants' careful consideration.

Recently, many people have been calling for ETH to break through 3200. I have to be honest—this level isn't that simple. As an analyst who has been in the crypto space for 8 years, I speak with data, not subjective guesses. Looking at ETH's historical performance makes it clear: in October, November, and December last year, this level was tested three times, each time being pushed back within the 3180-3200 range. This is no coincidence; it indicates strong selling pressure at this level—classic historical resistance. Let's also look at recent trading activity. Over the past five days, ETH has been oscillating between 3100 and 3160, with an average daily trading volume of only $12 billion. Compared to last week, volume has decreased by 25%. This is interesting—volume is the real engine behind price increases. Without sufficient volume, price rises are just illusions. To put it simply, if your car's gas tank is empty, pressing the accelerator harder won't make it go faster; it might even stall. ETH's current state is similar. Based on this data, I opened a short position at 3145, with a stop-loss set at 3180. This isn't gambling; it's a trading decision based on market realities. In the short term, breaking through 3200 won't be easy. The more likely scenario is continued pressure followed by a pullback. Of course, markets are always unpredictable, but the current signals indeed point to a higher probability of a pullback.

The recent market has been so dull. Bitcoin has been bouncing between 90,000 and 100,000, Ethereum also got stuck around 3,200 yuan, unable to rise or fall significantly. But what’s truly eye-catching isn’t the price itself, but the trading volume—cut in half directly. This is what’s often called a stable price with shrinking volume. A lot of people are starting to get restless, asking everywhere if it’s all over. Honestly, I’m not that nervous; after going through several cycles, I’ve realized that this kind of dead silence is often a consolidation phase. When the market’s noise fades, the truly valuable things will surface. Over the years, I’ve set a few unwavering principles for myself. They’re not overly complicated, but each one is hammered out with real money. **The first is to only hold main positions in mainstream assets.** In the early days, I wanted to try everything—new coins, concept coins, small-cap tokens—trying them one after another. Later, I realized they all follow the same pattern: early investors in those projects have extremely low costs, and their pump-and-dump isn’t about building an ecosystem but simply finding the next sucker to take over. Now, I’ve put all my main holdings into Bitcoin and Ethereum, which have strong liquidity and firm consensus. I’m not saying other coins can’t be looked at, but you need to recognize—they’re just a game, and these two are the foundation. **The second is that the stop-loss line is the lifeline.** I’m inherently not a gambler, so every position I build has a clear stop-loss point. Usually, I set it around 10%, and when it hits, I cut quickly—no waiting, no hoping for a “reversal.” In 2021, when Bitcoin dropped from 60,000, many around me refused to sell, insisting on holding long-term. As a result, they got deeper and deeper into the trap. I exited decisively during the first wave of correction. Although I missed the subsequent rebound, I protected my main capital. To survive in the market, you need to wait for the next opportunity. **The third is to take profits in stages when floating gains appear.** This is the most easily overlooked but also the most critical. My experience is that once a target is reached, you should gradually reduce your position—don’t try to catch the absolute top.