This weekend is indeed not very calm. During the non-US stock ETF period, the daily liquidation amount reached 1011.
This has rarely happened in history with large-scale liquidations of long positions.
The OG whale is suspected to be an insider god-like presence, shorting at a high point to make 240 million USD. During the entire decline, they chose to resist with massive capital. In the end, their position went to zero.
Peak profit of 150 million USD on Hyperliquid. Finally, they exited today with a loss of nearly 130 million.
Including Insider Brother and several "celebrity internet celebrities" traders. All have come to an end. The market is always cruel. Maintain a sense of awe.
From the perspective of liquidity clearing, the current frenzied escape from costs leaves the contract market almost without counterparties.
The lower clearing is already very empty. This means that if the spot market faces another round of ETF selling pressure on Monday, the contract market may accelerate into a collapse, meaning that the spot and contract may seriously decouple.
Flag pattern breaks down, continuation structure established. During this period, trying to find reversal structures at the lower edge of the flag pattern is sufficient. Ultimately, it was quickly destroyed. Continuous rapid volume decline. Bulls have almost no breathing room. Finally causing emotional panic and sell-offs.
Came to around 75 in one breath. And at the expected position of 773 at the weekly level, starting to make a short pause. Whether it is a phase bottom or another weak rebound continuing the decline, patiently waiting for the market to give direction is good, no need to guess blindly.
The bottom structure hasn't broken out yet, still focusing on high short positions during the rebound.
Current price, spot can start buying in batches.
Upper pressure: 81000/94200/85500
Lower support: 77285/75345/71700
ETH collapsed due to the large volume of BTC, recovering last year's consolidation range from May to July.
Such as BMNR treasury and Yilihua Trend Research's ETH positions, have already averaged a floating loss of nearly 400 million dollars.
And institutions have started selling ETH to repay narrow margins, which hides invisible risks behind.
The trading plan still focuses on high short positions during the rebound. Avoid subjective left-side buying.
Upper pressure: 2520/2595/2648/
Lower support: 2227/2152/2080
After breaking below 101, briefly followed the clearing path to 95.
Quick rebound recovery. Re-establish above 101. Current position suggests starting to buy spot in batches.
The trading plan is to rebound high short.
Upper pressure: 109/117/120
Lower support: 101/95.1/82