比特币，以太坊和泵送旋转木马：纽约人的拍摄

最新的以太坊激增是真正的集会还是另一个由比特币富含比特币的内部人员精心策划的泵送和降雨？让我们潜入加密马戏团。

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

比特币，以太坊和泵送旋转木马：纽约人的拍摄

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.

那么，加密货币世界再次嗡嗡作响，是吗？这次，一切都与以太坊与比特币的小舞有关。但这是探戈还是短暂的逃跑？街上的消息是，我引用“大多数ETH持有人都有很多BTC（ICO/内部人士），他们正在将BTC旋转为ETH以泵送它”。从华尔街的剧本中直接出现在我看来，听起来像是经典的泵送。

The Samson Mow Thesis: BTC Insiders Pulling the Strings?

Samson MoW论文：BTC内部人员拉弦？

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?

比特币大wig的Samson Mow认为该集会正在设计。据他介绍，BTC富裕的以太坊内部人士正在将资本旋转为泵送ETH，从而在收养国库中创造了一种良好的叙事。然后，BAM！他们将ETH抛弃，将新的“世代相传者”留在灰尘中，然后将利润旋转回BTC。哎哟。 “从长远来看，没有人想要ETH，”他打趣道。苛刻，但是他有观点吗？

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

以太坊的价格行动：卖方的伏击等待发生？

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一直在调情低廉的$ 4,000，甚至最近以4,337美元的标签标记。一个大问题：它可以持有超过$ 4,000并破坏$ 4,300- $ 4,430的供应袋吗？ MOW认为，ETH越接近其历史最高高（约合4,878美元），卖出的冲动越强。他说，这是“行李箱的困境”，这是一个由良好的游戏理论驱动的盈利疯狂。

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

“纪念日”的叙述：纸牌屋？

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.

然后是整个“ Eth国库”。 Vitalik Buterin本人说，这是“良好而有价值的”，但会补充一个警告：如果它变成了过度驾驶的游戏，那可能是Eth的垮台。乔·卢宾（Joe Lubin）甚至煽动了火焰，表明以太坊可以在一年内蚀出市场价值。 Mow的回应？讽刺的“显然，他们认为幻想会再次发生。 😂'经典。

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

混音中的山寨币：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?

这不仅仅是ETH的动作。 Dogecoin的交易量是通过屋顶的，Sui的集会，甚至关于“企鹅硬币”起飞的chat不休。但是，正如一位Coingecko分析师所说，“每个Altcoin季节都遵循相同的脚本：Doge上升，小代币跟随，然后Meme Project Project Project泛滥。零售买家的重大损失大多数。”听起来很熟悉，不是吗？

A Word of Caution (and a Chuckle)

一个小心（和笑话）

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，我并不是说天空正在下降。但是，这个整个加密马戏团有时会感觉像是一款操纵的游戏。因此，仔细踩踏，做功课，不要幻想炒作。请记住，如果听起来太好了，那么可能是真实的。而且，如果您听到有人在谈论“翻转”，也许只是微笑着点头...然后以另一种方式行动。

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，请保持您的智慧，并可能对您有利（但可能不在加密货币中）。