The large C wave decline has begun! BTC and ETH reaching new highs are unlikely

New York whale trader perspective:

Today, the crypto market experienced another sharp crash! BTC briefly dropped below $92,000, ETH broke through $3,100, nearly 250,000 traders were liquidated in 24 hours, and over $800 million in funds evaporated! This is not just a simple correction but a clear signal of a large C wave decline!

The market previously supported by ETF inflows is now being completely reversed by the tariff war—Trump imposing tariffs on Europe caused US and European stocks to collapse, funds fleeing into gold and silver for safety, and the crypto market is in crisis. More critically, attempts to push BTC to $100,000 and ETH to $3,500 have failed, with a lot of trapped positions at high levels. Institutions are also starting to reduce their holdings. Achieving new highs now is like climbing to the sky.

Remember: don’t rush into the market when the trend is unclear, and lower your leverage on futures! Now is not the time to buy the dip; controlling your hands is the key to protecting your principal.

The extension from early January, when the whale trader predicted a sell-off by the end of the month, is almost on point. The specific structure might look like the diagram below. If no new highs are made in a short period, the 97,800 level is very likely the top of a wide-range oscillation market. A drop from around 97,000 to 90,000 points represents the first downward sub-wave with a 7,000-point space. After this, a pullback to around 93,000 points should occur, then the second downward sub-wave begins. Originally, I planned to include this analysis in the subscription content, but since many followers have recently suffered losses, I’ll share it here for risk avoidance, as shown in the diagram. I will also post updates on any reversal or structural changes immediately!

(Details and real-time updates on the trend will be posted in the subscription thread)
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