Last night's crypto market was even more thrilling than a Hollywood blockbuster! ETH skyrocketed 30%, with the number of liquidations surging to over 310,000, and $1.02 billion just disappeared—strangely, this was not a 'retail bottom fishing' frenzy, but a series of explosions from a multi-billion dollar short fuel tank!
1. Bear traps: The 'death trap' below $3000
I smelled blood back in March! At that time, mysterious funds were frantically shorting at the $3000 level, betting that ETH would drop below $2500. These veterans maxed out their leverage, even using 'hell-level' high leverage on perpetual contracts (100x!), as if betting their entire fortune at the table.
2. Market Changes: The bear digs their own pit and jumps in
No one expected it, Trump suddenly threw out the 'crypto reserves' trump card! Favorable policies + expectations of Fed rate cuts directly ignited the last stubbornness of the bulls. ETH shot up violently from $2500 to $3250 as if equipped with rocket boosters—only then did the bears realize: they are the meat on the chopping block!
3. Chain reaction of liquidations: The dominoes fall
Those bears with 100x leverage saw their account net worth vanish instantly. The exchange's forced liquidation system instantly activated 'death mode', crushing their positions to pieces in 30 seconds. Even scarier, these liquidation orders turned into fuel for the bulls, pushing the price higher and higher—this is a real-life version of (Squid Game)!
4. Blood and tears lesson: Leverage is a devil that devours without spitting bones.
Look at these tragedies:
A certain big player with a $10 million short position evaporated $9.8 million in 10 minutes. Small traders borrowed 20x leverage, and after liquidation, owed the exchange $2 million. Some automated trading strategies crashed and died instantly.
5. Revealing the truth: The explosion of the multi-billion dollar short fuel tank
Now I finally understand! It turns out there were at least $10 billion in short positions lurking in the market, which wanted to harvest during the bear market's end, but were caught off guard by favorable policies. Ironically—no one was there to buy long; it was purely a 'short squeeze accident' triggered by infighting among the bears!
6. Advice from veterans: Don't treat the casino as an ATM
Leverage is poison: 100x leverage = 100% death rate. Policies are nuclear bombs: A single tweet from Trump can rewrite the rules of the game. Always fear the market: what you think is bottom fishing might be a trap set by others.
This epic short squeeze has sounded the alarm for everyone: In the crypto world, never go against the 'unpredictable'! Now ETH stands at $3250, will the party continue or will there be a high-altitude plunge? Remember— the crazier the rise, the harsher the fall!