Last night the Federal Reserve personally slaughtered ETH! An 8% crash is just an appetizer; the fortress at $2444 lies in ruins—Crow Brother: all retail investors buying the dip are living sacrifices for the whales!

The ETH crash revelations: when the torrent of U.S. debt overwhelms the crypto ark.

Only when the tide of risk aversion recedes do we know who is swimming naked; when the floodgates of U.S. debt are fully opened, we understand who the real gold is.

Last night ETH experienced free fall, plummeting over 8% during the day, and the key support at $2444 was breached like paper. As a trader who witnessed this storm, I smelled the sour stench of market panic—the red light of liquidation orders on exchanges reflected on my face, reminiscent of the suffocating night before last year's LUNA collapse.

Triple strangulation: the perfect storm of ETH's crash.

News nuclear explosion.

Unlimited U.S. debt shockwave: the U.S. Treasury suddenly hinted last night 'considering removing the debt ceiling,' causing treasury yields to surge. On-chain data I monitor clearly shows: over 23,000 ETH withdrew from DeFi pools in just one hour, institutional players are frantically cashing out for dollars.

Regulatory dark clouds loom: SEC Chairman Gensler's morning statement suggesting 'All PoS tokens are securities' instantly turned 26 million ETH staked into a sword of Damocles.

Technical avalanche.

Key fortress falls: when the repeatedly mentioned $2444 line was smashed by a massive sell-off, it triggered a chain liquidation order worth $1.7 billion.

Death triangle revealed: the weekly EMA30 crossing below EMA90 forms a 'gallows cross,' coinciding with RSI entering the oversold zone, creating resonance.

Macroeconomic tsunami.

The unlimited U.S. debt policy is like a water pump: the 10-year U.S. Treasury yield skyrocketed to 4.8%, and hedge fund quarterly reports show a sharp drop in cryptocurrency allocation to 1.2%.

Signs of dollar liquidity drying up are emerging: the proportion of commercial paper in Tether's reserves has dropped below 15%, and the total market value of stablecoins has evaporated by $3.8 billion in a week.

Crow Brother's trading diary.

When I saw the whale address '0x7a95' listing a sell order for 24,000 ETH at the $2444 level, I immediately liquidated 30% of my position—this address, which accurately predicted the FTX collapse, never misses. The market always educates the greedy with crashes: in the Federal Reserve's chess game, cryptocurrency is merely a pawn that can be sacrificed at any time.

Remember the night before the Merge upgrade in September 2022, ETH also halved in a single day due to the U.S. Treasury yield breaking 4%. History doesn’t repeat itself but it rhymes, and this time the rhyme is astonishingly similar.

Survival rules before dawn.

Buying the dip right now is like trying to catch a flying knife with bare hands, but key signals have already emerged during the crash: the premium on ETH put options on Deribit has plummeted by 35%, and whales are starting to accumulate bullish options below $2400. When the market is bleeding, remember what I pinned on Twitter:

The blockchain never sleeps, but retail investors need sleeping pills. Are you ready to embrace the value pit following the peak of U.S. debt?

I am Crow Brother. If you want to know more new information or are unsure what an effective breakout point is, click to follow for a hands-on guide! If you can't do that, feel free to come to the comments and wake me up with a scolding!