BTC OG insider whale agent: Bitcoin, ETH, and Nasdaq ratio hit bottom, RSI indicator severely oversold

Agent Garrett Jin stated that historically, the ETH/NASDAQ 100 index ratio has often bottomed around 0.11, which coincides with the RSI approaching the 30 "oversold" zone, indicating that ETH is in a bottom range. Looking ahead, the probability of Ethereum outperforming the NASDAQ 100 index in the coming months is increasing, with a target ratio between 0.16 and 0.22, suggesting an upside potential of approximately 50% to 100%.

Given the high correlation between Ethereum and the NASDAQ 100 index, significant divergence is unlikely to persist. Mean reversion is inevitable, especially in the broader policy context where the U.S. may restart quantitative easing, directly distribute cash stimulus to households, and where SEC Chairman Gary Gensler is accelerating the migration of U.S. stocks on-chain to Ethereum. Additionally, the weekly chart shows that the relative strength index (RSI) of BTC/NASDAQ 100 index is severely oversold. The current RSI falling below 30 also indicates that Bitcoin is about to enter a strong bull market.

Earlier reports indicated that the "BTC OG insider whale," which had been dormant for 8 years, once held over 50,000 BTC. Its operations have repeatedly synchronized with Trump's statements and U.S. policy trends, including a $500 million BTC short position set just hours before the "10.11" crash, yielding nearly $100 million in profit and attracting market attention. BitForex CEO Garrett Jin indicated that this address is associated with his clients. Furthermore, after the "BTC OG insider whale" increased its positions in ETH and SOL yesterday, the current prices have now fallen below the average price of their recent purchases. The current unrealized losses on long positions continue to expand, with total unrealized losses reaching $78.3 million and total position size around $694 million, with only $15.92 million in margin remaining. Its main long positions are: 5x ETH long position: position size $573 million, average price $3,147, unrealized loss $66.77 million (-58%), liquidation price $2,150; 5x BTC long position: position size $85.18 million, average price $91,500, unrealized loss $6.32 million (-37%); 20x SOL long position: position size $31.57 million, average price $135, unrealized loss $5.21 million (-292%).