BlockBeats News, December 19: Garrett Jin, agent of the “BTC OG Insider Whale,” stated that historically, the ETH/Nasdaq 100 ratio has repeatedly bottomed around 0.11, coinciding with the RSI approaching the 30 “oversold” zone, indicating that ETH is currently in a bottoming range. Looking ahead, the probability of Ethereum outperforming the Nasdaq 100 in the coming months has increased, with a target ratio between 0.16 and 0.22, implying approximately 50% to 100% upside potential.
Given the high correlation between Ethereum and the Nasdaq 100, significant divergence is unlikely to persist. Mean reversion is inevitable, especially against the backdrop of broader policies such as potential U.S. quantitative easing resumption, direct cash stimulus to households, and SEC Chairman Atkins accelerating the on-chain migration of U.S. stocks to Ethereum.
Additionally, weekly charts show that the Relative Strength Index (RSI) for BTC/Nasdaq 100 is severely oversold. With the RSI now below 30, it also signals that Bitcoin is poised for a strong bull market.
BlockBeats previously reported that the “BTC OG Insider Whale” is a dormant BTC OG address inactive for 8 years, once holding over 50,000 BTC. Its operations have repeatedly aligned closely with Trump’s statements and U.S. policy shifts, notably placing a $500 million BTC short position hours before the “10.11” crash, profiting nearly $100 million and drawing market attention. BitForex CEO Garrett Jin indicated that the address is linked to his clients.
