The price has risen, but the main force hasn't taken action. Is this a trap or bait?

From the heat map, on May 16 at 19:35, the ETH price surged to around 2566, with the liquidation intensity soaring to 46.9698 million. Note that this is a densely liquidated area, not a natural accumulation of trades. In other words, the chips were 'squeezed' out, not 'bought' out.

Looking at an earlier time period, ETH experienced a slow climb, with a dense liquidation area at 2450-2500. However, the main force did not choose to strongly intervene at these points, but instead patiently pushed up the price, luring the bulls to higher levels, waiting for them to step on empty.

Now, the price has reached the dense area of the previous high, with yellow hot zones visible everywhere, yet it has not broken through — the main force is still and only the retail investors are emotional.

If you are already on board, perhaps ask yourself: is this the start of a trend, or a precise harvest?

If you haven't acted yet, don't rush to chase; the price can go up, but the position shouldn't follow the emotions.

What the market fears most is not rising or falling, but 'stillness' — the main force is still, while retail investors are restless.

And once the restlessness lasts too long, the liquidation hot zone will turn into a real graveyard.