Profiting From the Sudden Ethereum Price Crash Directly
June was the cleanest short of the year and most traders still lost on it. $ETH opened the month near $1,988, bottomed around $1,512 and closed at $1,558, roughly 22% lower.
Two causes drove it. Redemptions hit regulated exposure products, and the network's development organisation cut around 20% of staff plus 40% of its budget while reorganising.
Entry was easy. The exit destroyed the trade. Rebound reached $1,760 in early July, $1,953 late in the month, then 19 August delivered 18% to 23% inside 24 hours from below $1,950 toward $2,300 intraday. Anyone still short there gave back the whole decline and more.
What I changed afterwards was simple. A written profit level at structural support, a time limit that closes the position regardless, and half the size off at the first target.
I keep this on Bitunix and size small, since perpetuals bring liquidation exposure that spot never does, and a 20% day ends the position first. Not advice, only my own read.
June was the cleanest short of the year and most traders still lost on it. $ETH opened the month near $1,988, bottomed around $1,512 and closed at $1,558, roughly 22% lower.
Two causes drove it. Redemptions hit regulated exposure products, and the network's development organisation cut around 20% of staff plus 40% of its budget while reorganising.
Entry was easy. The exit destroyed the trade. Rebound reached $1,760 in early July, $1,953 late in the month, then 19 August delivered 18% to 23% inside 24 hours from below $1,950 toward $2,300 intraday. Anyone still short there gave back the whole decline and more.
What I changed afterwards was simple. A written profit level at structural support, a time limit that closes the position regardless, and half the size off at the first target.
I keep this on Bitunix and size small, since perpetuals bring liquidation exposure that spot never does, and a 20% day ends the position first. Not advice, only my own read.