It still came after all—the fans thought they were hit by a hacker intrusion.
A single big bearish candle slammed the chart, and ETH dropped from the 2549 high to 2384 in an instant. Many friends in the group were completely stunned and thought it was a hacker attack. But actually, it was a giant whale concentrating its sell orders—violent liquidation and washout.
You all saw the data from the first hour across the entire network: about 478 million in long positions liquidated. A large number of retail traders chased longs at high prices, and the main players simply dumped to harvest. The spike pierced through and swept away all highly leveraged long positions.
After a big rise, there must be a big drop—this is the norm in the futures/contract market. It’s not a system malfunction, and it’s not a hacker; it’s market harvesting.
This kind of sudden selloff is the easiest to fall into a trap. If you don’t know how to handle your positions, just come find Aji... #TRUMP突破3.4美元创3月21日以来新高 #美国对加拿大商品加征关税生效 $POL $USUAL
A single big bearish candle slammed the chart, and ETH dropped from the 2549 high to 2384 in an instant. Many friends in the group were completely stunned and thought it was a hacker attack. But actually, it was a giant whale concentrating its sell orders—violent liquidation and washout.
You all saw the data from the first hour across the entire network: about 478 million in long positions liquidated. A large number of retail traders chased longs at high prices, and the main players simply dumped to harvest. The spike pierced through and swept away all highly leveraged long positions.
After a big rise, there must be a big drop—this is the norm in the futures/contract market. It’s not a system malfunction, and it’s not a hacker; it’s market harvesting.
This kind of sudden selloff is the easiest to fall into a trap. If you don’t know how to handle your positions, just come find Aji... #TRUMP突破3.4美元创3月21日以来新高 #美国对加拿大商品加征关税生效 $POL $USUAL