Recently, an investor has been aggressively increasing their Ethereum holdings, planning to add another $1 billion to their position. His approach is very aggressive—he just bought spot Ethereum, then immediately collateralized and borrowed stablecoins against these coins, and continued using these funds to buy more Ethereum. The logic behind this cycle of borrowing and lending is clear: he is betting that Ethereum will rise rapidly, leveraging to amplify capital utilization. But the risks are also obvious—borrowing incurs interest, and if the liquidation price is reached, there is a risk of liquidation. If Ethereum starts to decline, he will face double losses. Institutional investors especially favor this cycle of borrowing and lending. The question is, will this round of activity directly "sacrifice" participants, or could it instead trigger a more violent rally?

The silver market is also quite lively. The price once surged to $82, setting a new record high. But a sudden turn occurred—Eastern authorities announced export control policies on silver, and the price was immediately hammered down. Wall Street institutions have been shorting silver recently; seeing the price rise to $82 over a few days, they almost got liquidated. Based on market trends, silver is expected to continue upward, targeting $100, while gold's target is set at $5000.

MicroStrategy is preparing $2 billion to meet market interest payments and to hedge against potential stock price volatility caused by being removed from certain indices around January 15. This timing is critical—less than a month away—and warrants close attention to subsequent developments.

In terms of trading performance, the long position on Ethereum at the 2906 level given the day before directly yielded 70 points profit. Yesterday, Bitcoin Cash short at around 637 also captured up to 30 points.

Current market snapshot: Bitcoin at 89,700, with short-term support at 87,260, and resistance at 91,000. Ethereum at 3,030, with short-term support at 2,950, and resistance at 3,070.

Mid-term expectations: Before March 2026, the market is expected to be in a large-range consolidation mode, with Bitcoin oscillating between 80,000 and 100,000, and Ethereum between 2,500 and 3,500. By around April next year, the market will start to decline, with Bitcoin falling below 80,000 into a 60,000–80,000 range, and Ethereum into a 2,000–2,500 range.

For ultra-long-term positioning, the strategy is point-based: establish long positions at 2088 and 72888, allocating 30% of the capital. Set another long position at 1388 and 48888, allocating 40%. The remaining funds are temporarily not deployed.