The heatmap has provided the answer: last night was a false breakdown, not a trend reversal!
During last night's drop in ETH, many people were shaken out, but if you understood the heatmap, you would know — that was not a main decline, but a false breakdown.
From the Coinglass liquidation heatmap, we can see that when the price of Ethereum hit around 2500, the intensity of liquidations surged to the level of 66.06 million USD. This is not panic selling, but rather a deliberate effort by the main players to suppress the price to accumulate positions, harvesting the bearish sentiment at its peak.
Note:
The liquidation wall in the 2600 area above still exists, indicating that a large number of short positions are lurking there. Once broken, it will trigger a chain of liquidations;
Currently, the main players have completed the transfer of chips, and the price has rebounded to above 2550, with the trend being stable and strong;
From the market depth and transaction density, ETH's decline is a 'fake fall', and the bottom was 'hard support'.
Are you asking if this is the bottom now? I won't preach, just speak for myself:
I would not hesitate to heavily accumulate at the 2500-2550 range, just do it!
At this stage, anyone still fantasizing that the bears can win is just too brainwashed.
The shorts have long become cannon fodder; if they still don't buy the dip now, they can only watch ETH rise step by step to 2700+, or even higher.
In the crypto circle, if you can't understand the main players' behavior, you will be led by the market;
Only by understanding the heatmap and the liquidation logic can you buy low and sell high, and eat meat steadily.
Want to know the next step of the main players' control rhythm?
In the circle, charts, positions, and rhythms are all open; strategies are not casually discussed. Those who understand can come directly; we won't waste words, only talk about making profits.
