$ETH 2782 short squeeze loss, profit target at 2660: 104,000 USD
Why did it crash so hard? Let Zhang break it down!
The core catalyst for this trade was:
A resonance between macro factors, geopolitical tensions, and leverage liquidations. The US September PMI beat expectations, rate-hike expectations warmed up, the 10-year Treasury yield hit the highest level since 2007, putting pressure on risk assets; geopolitical tensions boosted safe-haven demand. After ETH surged to 2800 but met resistance, highly leveraged long positions were liquidated. In the following 24 hours, liquidations across the entire network totaled $546 million, with 82% being long positions—ETH about $113 million. This formed a loop of “downward move, liquidation, then further downward,” accelerating the drop to 2626.
Want to know the next set of news-driven opportunities or the entry point? Come to the room and find Zhang in the link below.
#美国30年期国债收益率触及2004年来最高 #美债10年期收益率创19年新高 #比特币24小时跌3.3%失守83000美元
$BTC $HYPE
Why did it crash so hard? Let Zhang break it down!
The core catalyst for this trade was:
A resonance between macro factors, geopolitical tensions, and leverage liquidations. The US September PMI beat expectations, rate-hike expectations warmed up, the 10-year Treasury yield hit the highest level since 2007, putting pressure on risk assets; geopolitical tensions boosted safe-haven demand. After ETH surged to 2800 but met resistance, highly leveraged long positions were liquidated. In the following 24 hours, liquidations across the entire network totaled $546 million, with 82% being long positions—ETH about $113 million. This formed a loop of “downward move, liquidation, then further downward,” accelerating the drop to 2626.
Want to know the next set of news-driven opportunities or the entry point? Come to the room and find Zhang in the link below.
#美国30年期国债收益率触及2004年来最高 #美债10年期收益率创19年新高 #比特币24小时跌3.3%失守83000美元
$BTC $HYPE
