Today, Ethereum plummeted, and it was Jump Trading that was behind the scenes!
They transferred 18,000 ETH worth 47 million USD to Binance in the early morning, and then directly crashed the market, causing the ETH price to drop from 2680 USD to 2540 USD. At the same time, they also opened short positions in the futures market, making 6 million USD.
The most ruthless part is that after crashing the market, they bought back at the bottom, triggering 370 million USD in liquidations of long positions on Binance, with 62% being retail investors on Binance. I was watching their operations last night, shorting precisely around 2650 USD, closing at 2550 USD, taking full profit, and the brothers in the fan group who added positions also made a profit!
Be careful during night trading; liquidity is depleted from 4-6 AM, and large orders can easily trigger spikes. I generally add a 1% slippage protection to my orders. Also, keep a close eye on the ETH/BTC exchange rate and Nasdaq futures, as these two signals can warn of risks. Additionally, closely monitor the Jump Trading addresses; when they transferred out more than 8000 ETH, I reduced my positions.
The market is very sensitive now, with 2549 USD being a critical line; breaking below it may accelerate the decline, while holding above it may lead to a rebound. Recently, the volatility is high, and position management is very important. Brothers who are confused about trading can follow me; I update strategies in real-time to help you catch market trends and recover losses! Of course, I'm not a god, and if I'm wrong, I'll admit it; I definitely won't delete the post!
