ETH Black Monday Emergency Rescue Plan!!
Total liquidation across the network: $219 million, with $6.11 million evaporated in just 4 hours for ETH alone
— This is not just data, but the bloody morning of 68,926 investors"
Why are your ETH long positions stuck in the mud?
On-chain whale movements: At 3 AM, a certain institutional wallet transferred 42,000 ETH (approximately $110 million) to an exchange, triggering a chain reaction of sell-offs.
Exchange long-short game: Binance/OKX short positions account for over 53% (data source: today's liquidation statistics), with major players accurately targeting the stop-loss levels of long positions.
Technical death cross: ETH 1-hour chart MA50 crosses below MA200, forming a classic bear market structure.
Emergency Unwinding Three-Phase Plan
Phase One
Stop blindly averaging down! Current leverage means every 1% fluctuation = 15% loss of principal.
Screenshot your position contract information, and Mig will help you unwind.
Phase Two
Providing solutions for different positions:
High leverage above 20x: Hedging arbitrage strategy (this morning successfully reduced 38% liquidation risk case)
10x leverage: Dynamic stop-loss grid (must strictly target the $1782-1805 fluctuation range)
Stuck in spot positions: Options insurance combination (annualized cost < 5%)
Phase Three
Before the Federal Reserve meeting minutes on August 20, must complete:
• Position restructuring (refer to this morning's NEAR long position successfully reducing loss by 42% model)
• Build a hedging account (to prevent a second bottom testing)
Feeling lost in the crypto world? Follow Mig for daily market analysis + hot topic tracking, guiding you through the fog to see the direction clearly!
