Today the market showed real strength: everyone believed in 5000$ for ETH, the crowd entered long positions at the highs — and they were harshly shaved off.

📉 From the high of 4956$ , the price collapsed to $4711, down almost 250$ in just minutes.

According to Coinglass, over 148,000 traders have been liquidated in the last 24 hours. The total amount of liquidations exceeded $532 million, and Ethereum was hit the hardest. Those who "believed in the breakout at 5k" left their money to the market maker.

As for me, I'm sitting in a short position from 4853$ and plan to hold further: targets 4720 → 4650 → 4500 → 4400 and even lower.

The crowd will be shaved again and again — as long as emotions control the majority.

🩸 Belief in 5000$ cost millions in liquidations.

A cool head brings profit.