Bloodbath in the crypto world! $3.5 million liquidated + 23,000 ETH dumped, bears are hunting

Hyperliquid's giant whale has a $3.5 million long position liquidated, and a related address suddenly deposited 23,500 ETH into Binance, creating a double negative that directly triggers a short squeeze: liquidation triggers a 'long kill long' spiral, market sell-off crashes through support, forcing stop-losses to escape, replicating the LUNA collapse; the giant whale moving to another exchange is like handing the 'sell button' to the market, with the $2,230 support on the verge of collapse.

Technically, the situation looks even more dangerous: ETH is still firmly suppressed by MA30, KDJ golden cross and RSI rebound are merely signs of a false recovery from overselling, MACD green bars still haven’t diminished, bears can strike back at any moment. Chasing longs at this point is akin to signing your own death warrant; rebounds are precisely the window for shorting. If ETH breaks through the $2,380 - $2,400 resistance zone, decisively go short, set your stop loss at $2,430; if it breaks below $2,230, add to your position, aiming directly for $2,100.

This is the ultimate hunt by bears against bottom-fishers! Want to dodge the scythe and catch the wave? Follow me for real-time tracking of whale movements + exit strategies! Leave a comment to chat: are you brave enough to short on a rebound?