370 million USD bloodbath -- the shocking secret behind it
370 million USD shorts were brutally liquidated! Ethereum broke through 4700 USD, and a leveraged massacre is underway...
This is not a correction, but a precise encirclement targeting the shorts. As Ethereum skyrocketed to 4700 USD, over 193 million USD in short positions were instantaneously wiped out, and the nightmare for leveraged players has just begun.
The most brutal trade:
A certain whale shorted with 20x leverage and was forced to urgently replenish 5.22 million USDC, with floating losses as high as 14 million USD -- the double-edged sword of high leverage, at this moment, is left only with bloodshed.
The liquidation wave is like dominoes falling:
For every 100 USD increase, over 20 million USD in short positions are forcibly closed. The higher the price rises, the more ferocious the liquidations become, and the rebound is more intense... an uncontrollable positive feedback loop has already been set in motion.
Current market liquidation risk is severely skewed:
Long liquidation risk is about 6 billion USD, while shorts are only 2.8 billion. The unbalanced leverage structure ensures that this is a bloody night for the shorts.
Warning signals are fully raised:
In the price discovery phase, there are no resistance levels to follow; shorts are like blind men touching an elephant, and stop-loss points have turned into "despair points." This collective bloodbath of 380 million USD once again confirms the first iron rule of the crypto circle:
Always respect the market, or the market will teach you a lesson.
Summary:
Never go against the trend with high leverage
Setting stop-losses is the survival bottom line
When the market is crazy, remember to step back from the screen and calm down for three seconds
