比特幣，以太坊和泵送旋轉木馬：紐約人的拍攝

最新的以太坊激增是真正的集會還是另一個由比特幣富含比特幣的內部人員精心策劃的泵送和降雨？讓我們潛入加密馬戲團。

Bitcoin, Ethereum, and the Pump-and-Dump Merry-Go-Round: A New Yorker's Take

比特幣，以太坊和泵送旋轉木馬：紐約人的拍攝

So, the crypto world's buzzing again, huh? This time, it's all about Ethereum's little dance with Bitcoin. But is it a tango or just a fleeting fling? Word on the street is, and I quote, 'Most ETH holders have a lot of BTC (ICO/insiders) and they are rotating that BTC into ETH to pump it'. Sounds like a classic pump-and-dump to me, straight out of a Wall Street playbook.

那麼，加密貨幣世界再次嗡嗡作響，是嗎？這次，一切都與以太坊與比特幣的小舞有關。但這是探戈還是短暫的逃跑？街上的消息是，我引用“大多數ETH持有人都有很多BTC（ICO/內部人士），他們正在將BTC旋轉為ETH以泵送它”。從華爾街的劇本中直接出現在我看來，聽起來像是經典的泵送。

The Samson Mow Thesis: BTC Insiders Pulling the Strings?

Samson MoW論文：BTC內部人員拉弦？

Samson Mow, the Bitcoin bigwig, thinks this ETH rally is being engineered. According to him, BTC-rich Ethereum insiders are rotating capital to pump ETH, creating a feel-good narrative around treasury adoption. Then, BAM! They dump their ETH, leaving new 'generational bagholders' in the dust, and rotate the profits back into BTC. Ouch. 'No one wants ETH in the long run,' he quips. Harsh, but does he have a point?

比特幣大wig的Samson Mow認為該集會正在設計。據他介紹，BTC富裕的以太坊內部人士正在將資本旋轉為泵送ETH，從而在收養國庫中創造了一種良好的敘事。然後，BAM！他們將ETH拋棄，將新的“世代相傳者”留在灰塵中，然後將利潤旋轉回BTC。哎喲。 “從長遠來看，沒有人想要ETH，”他打趣道。苛刻，但是他有觀點嗎？

Ethereum's Price Action: A Seller's Ambush Waiting to Happen?

以太坊的價格行動：賣方的伏擊等待發生？

Ether's been flirting with the low $4,000s, even tagging $4,337 recently. The big question: can it hold above $4,000 and break through that $4,300–$4,430 supply pocket? Mow argues that the closer ETH gets to its all-time high (around $4,878), the stronger the urge to sell. It's the 'Bagholder's Dilemma,' he says – a profit-taking frenzy driven by good ol' game theory.

Ether一直在調情低廉的$ 4,000，甚至最近以4,337美元的標籤標記。一個大問題：它可以持有超過$ 4,000並破壞$ 4,300- $ 4,430的供應袋嗎？ MOW認為，ETH越接近其歷史最高高（約合4,878美元），賣出的衝動越強。他說，這是“行李箱的困境”，這是一個由良好的遊戲理論驅動的盈利瘋狂。

The 'ETH Treasuries' Narrative: A House of Cards?

“紀念日”的敘述：紙牌屋？

Then there's this whole 'ETH treasuries' thing. Vitalik Buterin himself says it's 'good and valuable,' but adds a warning: if it turns into an overleveraged game, it could be ETH's downfall. Joe Lubin even fanned the flames, suggesting Ethereum could eclipse Bitcoin in market value within a year. Mow's response? A sarcastic 'Apparently they think the flippening is going to happen again. 😂' Classic.

然後是整個“ Eth國庫”。 Vitalik Buterin本人說，這是“良好而有價值的”，但會補充一個警告：如果它變成了過度駕駛的遊戲，那可能是Eth的垮台。喬·盧賓（Joe Lubin）甚至煽動了火焰，表明以太坊可以在一年內蝕出市場價值。 Mow的回應？諷刺的“顯然，他們認為幻想會再次發生。 😂'經典。

Altcoins in the Mix: DOGE, SUI, and Penguin Coins, Oh My!

混音中的山寨幣：Doge，Sui和Penguin Coins，哦，我的！

It's not just ETH making moves. Dogecoin's trading volume is through the roof, Sui's rallying, and there's even chatter about 'penguin coins' taking off. But as one CoinGecko analyst puts it, 'Every altcoin season follows the same script: DOGE rises, small tokens follow, then the meme projects flood in. Most end in major losses for retail buyers.' Sounds familiar, doesn't it?

這不僅僅是ETH的動作。 Dogecoin的交易量是通過屋頂的，Sui的集會，甚至關於“企鵝硬幣”起飛的chat不休。但是，正如一位Coingecko分析師所說，“每個Altcoin季節都遵循相同的腳本：Doge上升，小代幣跟隨，然後Meme Project Project Project湧入。零售買家的重大損失大多數。”聽起來很熟悉，不是嗎？

A Word of Caution (and a Chuckle)

一個小心（和笑話）

Look, I'm not saying the sky is falling. But this whole crypto circus can feel like a rigged game sometimes. So, tread carefully, do your homework, and don't fall for the hype. Remember, if it sounds too good to be true, it probably is. And if you hear someone talking about 'flippening,' maybe just smile and nod... and then run the other way.

看，我並不是說天空正在下降。但是，這個整個加密馬戲團有時會感覺像是一款操縱的遊戲。因此，仔細踩踏，做功課，不要幻想炒作。請記住，如果聽起來太好了，那麼可能是真實的。而且，如果您聽到有人在談論“翻轉”，也許只是微笑著點頭...然後以另一種方式行動。

Until next time, keep your wits about you, and may the odds be ever in your favor (but probably not in crypto).

直到下一次，請保持您的智慧，並可能對您有利（但可能不在加密貨幣中）。