Today on air: Ethereum has once again taken the stage… to knock $180 million out of the crowd of traders. In 24 hours. More than Bitcoin by almost two and a half times. What’s happening? And who’s paying for all this? Spoiler: maybe you are.
While CNN headlines tell us about the weather on Mars and the importance of ESG for broccoli, the real drama unfolds here, in the world of digital assets. Ethereum put on a show. And it looked like a horror movie if you were holding long positions.
First — boom! — $99.87 million in longs evaporate. Those poor souls thought, 'Ethereum will soon be at $4000,' but the market said, 'Ha-ha, no.' Then, when everyone believed that down was the new up, bang! — $79.95 million in shorts also goes up in smoke. Short squeeze? Of course. Because how else will the crypto market remind you that it’s not about common sense, but about volatility, FOMO, and pain?
First, Ethereum is still the darling of traders, especially those who love to suffer.
Secondly, the market is absolutely ruthless to people trading on margin, thinking that 'they are in control of the situation.'
And thirdly, liquidity loves movement, and market makers — no, not those from Goldman Sachs, but algorithms backstage at Binance and OKX — know this very well.
Now to the main point: the market right now is a mine under the belly of confidence. The stock market is anxious due to inflation, the Fed is mumbling about rates, and crypto dances like a predator, hunting for emotions. And, as always, Ethereum is ahead of everyone — like a rock star on stage, smashing a guitar over the heads of its own fans.
If you're still in the market — congratulations, you're a masochist and a romantic. And that's, by the way, a compliment.
If you’re out of the market — don’t rush. Because right now it’s a real game of 'knockout,' and they’re not knocking out balls, but deposits.
And if you’re long... well, maybe it’s time to put on a helmet and hold on to the handrails. Volatility is back, baby.
