$ETH 2782 open positions with no stop loss, take profit at 2660 for 104,000 USD
Why did it crash so hard? Let Old Zhang break it down!
The key catalyst for this trade is:
Macroeconomics, geopolitics, and leverage liquidation all resonating together. The US September PMI came in above expectations, rate-hike expectations heated up, and the 10-year US Treasury yield hit the highest level since 2007. Risk assets came under pressure; geopolitical tensions boosted safe-haven demand. After ETH surged and hit resistance around 2800, high-leverage long positions were liquidated. In 24 hours, the total liquidations across the whole network reached 546 million USD, 82% were long positions: ETH accounted for about 113 million. This formed a loop of falling, liquidation, then falling further, accelerating the move down to 2626.
Want to know the next wave of news catalyst/entry location? Go to the group chat and find Old Zhang.
#美国30年期国债收益率触及2004年来最高 #美债10年期收益率创19年新高 #比特币24小时跌3.3%失守83000美元
$BTC $HYPE
Why did it crash so hard? Let Old Zhang break it down!
The key catalyst for this trade is:
Macroeconomics, geopolitics, and leverage liquidation all resonating together. The US September PMI came in above expectations, rate-hike expectations heated up, and the 10-year US Treasury yield hit the highest level since 2007. Risk assets came under pressure; geopolitical tensions boosted safe-haven demand. After ETH surged and hit resistance around 2800, high-leverage long positions were liquidated. In 24 hours, the total liquidations across the whole network reached 546 million USD, 82% were long positions: ETH accounted for about 113 million. This formed a loop of falling, liquidation, then falling further, accelerating the move down to 2626.
Want to know the next wave of news catalyst/entry location? Go to the group chat and find Old Zhang.
#美国30年期国债收益率触及2004年来最高 #美债10年期收益率创19年新高 #比特币24小时跌3.3%失守83000美元
$BTC $HYPE
