#ETH突破4600 Don't Short! Don't Short!

Currently, the main players are in a difficult position; from August 7th, it rose from 3700 to 4700 by the 14th, and the contract holdings quickly increased from 29 billion USD to 60 billion USD! This means that the main players' cost is already above 4000!

Currently, there is insufficient selling liquidity above. If the main players continue to buy chips, it will lead to a rapid price increase and break the historical high of 4877. However, the consensus among all retail investors is that Ethereum is trash, and no one forgets the 1400 ETH from three months ago! Therefore, no retail investor is willing to chase the price at this level!

As a result, there is insufficient buying liquidity below, and the main players' positions cannot be closed. If they are forced to close their positions, it will lead to a rapid price drop, causing consecutive liquidations of the main players’ positions. Therefore, the main players can only continue to consolidate or push prices higher, but pushing prices higher will rapidly expand the cost of their positions and financial risk. As long as there is external capital entering the market to short, or if there are main institutions that sell out first, with insufficient liquidity below, the main players will experience a chain reaction of liquidations!

However, if retail investors continue to short, then the cost for the main players to consolidate or push prices higher will be very low because the main players' buying will not rapidly push prices up. By continuously blowing high leverage within the range, they can maintain financial costs! Currently, the main players have a position of 40 billion USD. Based on 5x leverage and an annual interest rate of 5%, the daily financial cost is only 1 million USD! Shorting is just giving the main players their daily financial costs!

The main players can continue to push prices up after waiting for risk digestion! Ultimately, low leverage shorting will also be liquidated! Do not short now!! $ETH