After Profiting $580K, I'm Shorting $1M Worth of ETH Again
Taiki Maeda is shorting $1 million worth of ETH again, arguing that its price is artificially inflated and due for a significant correction. He believes Ethereum's current price is unsustainable, driven primarily by large-scale purchases from entities like Tom Lee’s Bitwise, rather than organic demand or real-world usage.
Taiki points out that Tom Lee’s aggressive buying has temporarily propped up ETH’s price, but once this buying slows or stops—especially after key incentive deadlines like January 15, 2026—ETH could fall sharply toward what he estimates as its "fair value" of $1,200–$2,200. He also highlights broader market risks, including a lack of new buyers, potential MSTR delisting pressures, and the speculative, "PvP" nature of current crypto trading.
Despite acknowledging Ethereum’s technological strengths, Taiki emphasizes that good technology doesn’t always translate to a good investment. He encourages a cautious approach, noting that true wealth-building opportunities arise during market lows, not euphoric peaks. His short position reflects a view that ETH is overheated and primed for a downturn.
深潮12/18 11:20
