$ETH Market avalanche—longs got blood-washed!
This行情: 2614 was smashed all the way down to 2357. Now it rebounds back near 2400—how many people got straight-up evaporated? Liquidation data is off the charts: $211 million wiped out in an instant, and longs accounted for $184 million. If anyone tells you this is just a normal pullback, you can directly slap them in the face! Retail longs were all buried this time.
Why was it smashed so badly? One reason is the bill didn’t pass. On-chain data already gave the answer: Ethereum saw $142 million in outflows, and institutions basically picked up their buckets and ran. Fellow retail traders, don’t go catching falling knives.
From the rebound at 2357 up to 2400, the price action has been consistently weak. Above 2440 there’s a massive amount of trapped positions. The funds that entered to bottom-fish around 2440 last night have now all turned into fresh trapped bagholders—so 2400 is being heavily pressured, making the rebound extremely difficult.
If you’re itching to take action, don’t rush. After the data comes out tonight around midnight, it’s highly likely to first drop and then rise. The rate-hike news is already known to everyone, and the market has already digested it. Wait for the data to land so the direction becomes clear before moving. The market will never stop you from making money, but it also won’t make decisions for you. When you should wait, don’t be impulsive. The market doesn’t wait. If you want to follow the live-trading pace as soon as possible, just come to Iron Fortress to find me.#美联储加息是否已成定局 #以太坊跌破2400美元 #比特币跌至7.6万美元
This行情: 2614 was smashed all the way down to 2357. Now it rebounds back near 2400—how many people got straight-up evaporated? Liquidation data is off the charts: $211 million wiped out in an instant, and longs accounted for $184 million. If anyone tells you this is just a normal pullback, you can directly slap them in the face! Retail longs were all buried this time.
Why was it smashed so badly? One reason is the bill didn’t pass. On-chain data already gave the answer: Ethereum saw $142 million in outflows, and institutions basically picked up their buckets and ran. Fellow retail traders, don’t go catching falling knives.
From the rebound at 2357 up to 2400, the price action has been consistently weak. Above 2440 there’s a massive amount of trapped positions. The funds that entered to bottom-fish around 2440 last night have now all turned into fresh trapped bagholders—so 2400 is being heavily pressured, making the rebound extremely difficult.
If you’re itching to take action, don’t rush. After the data comes out tonight around midnight, it’s highly likely to first drop and then rise. The rate-hike news is already known to everyone, and the market has already digested it. Wait for the data to land so the direction becomes clear before moving. The market will never stop you from making money, but it also won’t make decisions for you. When you should wait, don’t be impulsive. The market doesn’t wait. If you want to follow the live-trading pace as soon as possible, just come to Iron Fortress to find me.#美联储加息是否已成定局 #以太坊跌破2400美元 #比特币跌至7.6万美元
