Late at night, the screens of all cryptocurrency enthusiasts are screaming.

At 3:07 AM, ETH suddenly began to convulse. The first alert popped up in the big trader group: "Something's wrong with the American rating!" Before the sleepy retail traders could wake up, the price had already plummeted from $2570. Those young people who went long with 20x leverage watched helplessly as their phones flashed liquidation warnings, spreading like a zombie virus across major exchanges — $2487, $2450, $2400... With each integer level breached, the community erupted in wails.

The fireworks of liquidations illuminated the night sky at 4 AM. A college student finished half a pack of cigarettes on the balcony, and when his 5 ETH bought with his tuition money got forcibly liquidated, the exchange interface was stuck at 99% liquidation progress. Three blocks away, the programmers of a quant team were frantically adding stop-loss strategies to their code, still warmed by the bloody chips they had picked up at $2449.

This massacre had long been foreseen: the wolves in suits on Wall Street had started to retreat three days earlier, and the technical analysts shook their heads at the death cross patterns. The worst off were the leveraged gamblers, whose stop-loss orders hung at $2450 like firecracker fuses, shattering the entire market when pierced.

As dawn broke, the community was filled with the smoke of regret. Some changed their phone wallpaper from "ETH 3000" to black, while others livestreamed the burning of their trading notes. But everyone knew — as long as the vultures of the Federal Reserve are still circling above, this late-night massacre is just another routine warm-up for the cryptocurrency meat grinder.

If anyone is confused by the market fluctuations and doesn't know how to deal with being trapped, or feels misled during their trading process, feel free to reach out!