The market is brewing a bloody showdown between bulls and bears—Ethereum's next 4-hour K-line may determine the fate of $1.2 billion." Latest liquidation data shows that ETH is currently at an extremely dangerous critical point.

I. The ignition point of the liquidation storm.

According to Coinglass data, ETH currently faces two key liquidation thresholds:

1. A breakout above $4550: will trigger a $1.421 billion short squeeze, equivalent to 0.6% of ETH's market value.

2. A drop below $4350: will lead to a $1.263 billion long liquidation, triggering a chain sell-off.

It's like dancing on a tightrope:

The space above $200 hides $1.4 billion in short fuel.

In the abyss below 200 meters lies $1.2 billion in long corpses.

II. The logic of the main capital's game.

1. The trap of the operators.

Large funds may intentionally create false breakouts:

First, pull the shorts to gain liquidity.

Then short again to harvest the late buyers.

2. The death loop of retail investors.

FOMO chasing during breakouts → becomes the operator's unloading scapegoat.

Panic selling at the break → falling at the lowest point before dawn.

III. A survival guide for ordinary investors.

1. Strategies after breaking above $4550.

Wait for a pullback confirmation before entering the market.

Target level looks at the previous high of $4850 (stop loss set at $4500).

2. Strategies after breaking below $4350.

Immediately reduce positions to hedge.

Wait for the panic selling to finish (usually 2-4 hours) before bottom fishing.

3. The most dangerous middle ground.

Maintain a wait-and-see attitude in the $4350-$4550 range.

Avoid being harvested in both directions.

"Bloody lessons:"

"The market loves to kill two types of people: those who are greedy at breakouts and those who are fearful at breakdowns."

"Real winners always wait for the market to hand over bloody chips before making a move."

I am a seagull, focusing on on-chain data and the analysis of main player behavior.

Follow my live trading log, for copy trading please see the homepage profile to grasp the key turning signals of ETH!