$BTC During that drop, did you panic and cut your losses, or did you get greedy alongside the smart money?$ETH


These four charts (ETH/USDT) perfectly demonstrate what is called **‘Standard Washout’**.


Fassigod breaks down this transfer of wealth that took place in just 15 minutes:


1. Panic Selling and Washout (The Purge) 🧹


• What happened: Price violently plunged to 3175.


• Data: Open interest (OI) plunged sharply (yellow bars in chart two).


• Interpretation: This isn't a **“crash”**—it's **“deleveraging.”** Highly leveraged longs in the market were forcibly liquidated, and the car instantly got lighter. Selling pressure was completely vacuumed up in one go.


2. Position Transfer and Accumulation (The Handover) 🤝


• What happened: At the price low, the large traders' long/short ratio shot straight up (chart one).


• Divergence: Retail traders were crying in despair, while large traders were aggressively opening long positions.


• Interpretation: This is the classic **“bullish divergence.”** Your stop-loss orders became the whales' entry orders. The big players used this wave of liquidity to complete a handover of positions at 3175.


3. Bottoming Out and Confirmation (The Pivot) 📍


• Candlestick story: 3175 left a huge lower wick, accompanied by massive trading volume.


• Funding rate: The rate didn't turn negative, suggesting there were no aggressive shorts—just a long squeeze.


• Conclusion: Strong buying pressure confirmed a V-shaped reversal.


🎯 Fassigod's conclusion:


Next time you see the combination of “price plunges + OI drops sharply + large traders' ratio surges,”


Remember, that was the market maker handing out money.


As long as price holds above 3212, this washout is setting the stage for a bigger rally.


#Fassigod #Fasi #ETH #TradingTutorial #OnChainData #SmartMoney #Shakeout