Bloodbath all around! ETH skyrocketed 20%, and the unprotected retail investors have become 'liquidation sacrifices'!

No stop-loss, and this market can send you to zero overnight. This is not an exaggeration; it’s a tragedy experienced by countless people.

In the past two days, ETH surged like crazy, from over 1900 to 2245, with a daily increase of over 20%. But while the market is booming, it’s the retail investors who are suffering. At least 80% of people in the market are losing money, and many are still holding on. What’s the ratio? I’m guessing, but it’s definitely not far off.

I know over 20 people who got liquidated just today. Those who managed to make a profit in this wave of market are rare. The fundamental reason most people get liquidated: no stop-loss.

You think ETH is just a 'shitty coin', and it can still hold you up? Opened a small short position to test the waters, shorted from 1920 to cover at 1980, felt very stable. But it didn’t follow the script, spiking through at 2040, and when you’re not convinced at 2050, you continue to add positions, thinking it won’t exceed 2080. What happened? 2140, 2160, 2220, a single big green candle wiped out your entire account, and just when you thought you could catch your breath, it shot up to 2240 again.

Those who silently hold their positions are still there, but their spirits have completely shattered. Hold it ten times, and as long as you fail just once, you might return to square one overnight.

Is 2245 the top? Nobody knows. But it’s certain that the bears are almost out of ammunition. Those who should have been liquidated have been, and those who haven’t are testing the edge.

What’s even more absurd is that some people who are usually stable didn’t use stop-loss yesterday. This isn’t faith; this is being dumbed down by the market. From 1720 all the way to 1872, the structure changed, but the mindset is still dreaming.

Sometimes I really want to advise: not using stop-loss is not holding a position; it’s slow suicide.

The market is booming, but surviving is the only qualification for the next time!