Will Ethereum plunge again? Personally, I don't think it will happen that quickly; at least it won't drop much in the short term. On Friday, we entered the market early only to be played around, mainly due to fragmented information from others. This kind of atmosphere is contagious, which Quiet Brother refers to as the 'leek bun atmosphere,' similar to how a cold spreads. On Thursday night, the sentiment was strongly bearish without any reason or basis, just experience and intuition. By Friday, noticing an inexplicable increase in short positions, I knew something was wrong because when many leeks (novice investors) are on one train, they will inevitably have to pay protection fees.
To be frank, dogs can't change their habit of eating shit; this process is indeed painfully unbearable, but we must face it. Secondly, the general's news of aggressively shorting was forwarded by many pretenders, and Quiet Brother inadvertently accepted it, which led to a score of 0 on Friday. The next script is simple: the general, once again heavily in debt and fighting a desperate battle, will crazily short in the face of a real market crash using insider information, standing up again and regaining the trust of the leeks. The general still has to lose around thirty to fifty million before he can short again. I have to say, the general is the best quality target in the market.