$ETH Did the long traders wake up with a fright?
Caibao opened a short position on Friday and scored a huge win on this move! The original target was 2160, but nobody expected a huge red candle this morning to trigger a drop of nearly 9%. The bears are absolutely crushing it! More than $300 million was liquidated in four hours, and another wave of trapped positions above got brutally wiped out.
A lot of long traders woke up to find their positions gone, still completely stunned 😂 This morning’s plunge was set off by hackers who had opened shorts on BTC and ETH in advance. Once the bears stepped in, the market’s decline accelerated fast. Truly, “when the big one comes, no one can stop it”! Even Machi Big Brother couldn’t dodge it—he was liquidated across his entire portfolio once again. High leverage in crypto is just too brutal!
Many followers weren’t sure which way the market would go over the weekend, but there were actually clear signs pointing to this drop [the charts had already given us the answer]! In the next post, Caibao will continue analyzing why the market moved sideways over the weekend!
Caibao opened a short position on Friday and scored a huge win on this move! The original target was 2160, but nobody expected a huge red candle this morning to trigger a drop of nearly 9%. The bears are absolutely crushing it! More than $300 million was liquidated in four hours, and another wave of trapped positions above got brutally wiped out.
A lot of long traders woke up to find their positions gone, still completely stunned 😂 This morning’s plunge was set off by hackers who had opened shorts on BTC and ETH in advance. Once the bears stepped in, the market’s decline accelerated fast. Truly, “when the big one comes, no one can stop it”! Even Machi Big Brother couldn’t dodge it—he was liquidated across his entire portfolio once again. High leverage in crypto is just too brutal!
Many followers weren’t sure which way the market would go over the weekend, but there were actually clear signs pointing to this drop [the charts had already given us the answer]! In the next post, Caibao will continue analyzing why the market moved sideways over the weekend!
