Last night, the price of Ethereum (ETH) suddenly faced a 'bloodbath,' plunging from $2679 to $2379, with a single-day drop exceeding 300 points (12%). Countless investors were awakened from their dreams, suffering a severe account shrinkage. But this crash was not a 'black swan'; it was a meticulously planned 'midnight slaughter.'

Whales crash the market at night, technical defenses collapse

  1. Whale raid: 106 ETH sold off at midnight
    A mysterious large holder suddenly sold 106.751 ETH at the price level of $2429 when liquidity was exhausted in the early morning, directly breaking through the market's psychological defense line, triggering automatic stop-loss orders and a wave of forced liquidations, causing the price to 'free fall.'

  2. Technical collapse: key support levels become 'dominoes'
    The $2500 level (Fibonacci 78.8% retracement) was supposed to be the last stronghold for bulls, but one blow from the whale triggered a chain reaction, and the price plummeted like a dam breaking, reaching a low of $2379.

  3. On-chain alert: 18,000 ETH transfer signal
    Hours before the drop, a whale transferred 18,000 ETH to an exchange, and the market responded with a 300-point drop as a 'forewarning of liquidation.'

Leverage players are liquidated, spot holders 'play dead'

  • Leverage nightmare: high-leverage bulls are 'targeted for demolition'
    Players with over 10x leverage are instantly liquidated; stop-loss orders piled up at key price levels like $2450 and $2494 are triggered one by one, blooding the market.

  • Spot pullback: unrealized losses ≠ the end of the world
    Investors without leverage may see their accounts shrink, but ETH's increase this year still exceeds 50%. History has repeatedly proven that 'deep squats' in the crypto space are often preparations for rebounds.

  • Market confidence collapses: panic may continue
    The sharp decline severely undermines bullish morale, and it may enter a 'slow decline mode' in the short term, but a sudden drop is also a 'violent washout'; after clearing out floating positions, the rebound may be even more rapid.

Self-rescue guide for ordinary players

  1. Stop high leverage immediately!
    Late-night liquidity exhaustion + whale manipulation, high leverage is tantamount to 'suicide.'

  2. Invest spare money, refuse to go all in
    Only participate with funds that 'won't affect your life if lost,' avoiding panic selling or blindly trying to catch the bottom.

  3. Don't cut losses during a crash, don't chase highs during a surge
    The long-term value of ETH is supported by fundamentals such as the DeFi ecosystem and Layer 2 scalability. If the buying logic remains unchanged, please hold your positions tightly.

  4. Learn to understand 'whale signals'
    Pay attention to large on-chain transfers, exchange deposits, and other data; technically, watch for key support levels.

A crash is not the end, but the starting point of opportunity

Last night, ETH's 'terrifying 300-point drop' was essentially a 'lightning attack' launched by whales taking advantage of the liquidity gap in the dead of night. For long-term believers, this is just a 'deep squat' on the way to a bull market; for speculators, it is a bloody 'risk education class.'

Remember: in the crypto space, those who survive to the end are the real winners.


The market is continuously changing; we closely monitor the market to seize new entry opportunities. Like + comment, let's ride through the bull market and seize this major opportunity together.

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