In an October 16 interview with William Joy, reported by Wu Blockchain, Sun said he sold Ethereum (ETH) when the price was around $3,600–$4,000. He said he kept only a core ETH position and had not bought any back as of the interview.

He Said He Saw a Double Top in Ethereum

Sun said he significantly reduced his position because he thought a fragile double top had formed on Ethereum’s chart. This pattern, associated with the price reaching a peak twice at similar levels before pulling back, is watched by investors as a sign that an uptrend may be weakening.

Sun took different approaches to the two cryptocurrencies: while selling most of his Ethereum holdings, he said he left his core Bitcoin (BTC) position untouched.

His New Preference Was U.S. Stocks

Sun also revealed that he invested heavily in U.S. stocks after selling Ethereum. He linked this choice to his expectation that capital would concentrate in that market.

The interview summary shared on October 18 revealed a portfolio change Sun had made earlier. His statement that he had not bought ETH back reflects the time of the October 16 interview.

Justin Sun Says He Sold Most of His Ethereum: What Signal Changed His Mind? isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.