Everyone screaming "buy the dip" on $ETH is about to become exit liquidity for the top 1%.
Let’s look at the raw truth hidden in the data. While average traders are blindly hoping for a magical bounce, I'm watching a massive $1.2 Billion short wall dominated by 671 whales. They are violently drowning the market in red and sitting in massive profits from an average entry of $2,295.
On the flip side? The few who dared to go long are completely trapped. They are holding a $2,556 average entry and bleeding out over $38 Million in unrealized losses right now. The trend is ruthlessly clear, and the short-term volume shows immense net selling pressure overpowering any buying attempts. I absolutely refuse to catch a falling knife while the smart money is ruthlessly unloading.
I am aggressively going short to follow the whale blood trail.
Entry: $2,271
Take Profit (TP): $2,100
Stop Loss (SL): $2,330
$ETH
Let’s look at the raw truth hidden in the data. While average traders are blindly hoping for a magical bounce, I'm watching a massive $1.2 Billion short wall dominated by 671 whales. They are violently drowning the market in red and sitting in massive profits from an average entry of $2,295.
On the flip side? The few who dared to go long are completely trapped. They are holding a $2,556 average entry and bleeding out over $38 Million in unrealized losses right now. The trend is ruthlessly clear, and the short-term volume shows immense net selling pressure overpowering any buying attempts. I absolutely refuse to catch a falling knife while the smart money is ruthlessly unloading.
I am aggressively going short to follow the whale blood trail.
Entry: $2,271
Take Profit (TP): $2,100
Stop Loss (SL): $2,330
$ETH
