Big players have already started to sell aggressively at market prices without considering costs, and the signals hidden behind this are very dangerous: their internal consensus has completely collapsed.
In the past, these people were united, pushing the market up, with $ETH surging to nearly $5000, and the group was filled with cheers of 'breaking 10,000 is just around the corner.' But now? They’re all rushing out as if they’ve seen a ghost, fearing that if they’re slow, they’ll become bag holders. This shift from 'lifting each other up' to 'trampling each other' is always a precursor to a sharp downturn in the cryptocurrency world, just like the ETH drop from $4800 to $2200 in 2021, which had a similar prelude.
Moreover, the liquidity in the market is as terrible as a frozen river. Big players have too much inventory; it’s not easy to sell smoothly. Therefore, you must keep an eye on a specific situation: sudden violent surges. Don’t think that the bull market has returned; this is likely just another version of their old trick of 'fishing'—first raising prices to create space, then tricking retail investors into jumping in, allowing themselves to escape. Last November, when ETH surged to $4500 before suddenly plummeting, that’s what happened; many chased the high and have yet to recover.
I have three heartfelt suggestions for everyone; remember these at this critical moment, and you can save a lot of money:
First, be wary of all sudden spikes and drops. When the market goes crazy, retail investors easily follow their emotions, chasing after rises and cutting losses during drops, ultimately falling into the traps set by bigger players. Just like last night, when ETH dropped for just a few minutes, someone in the group shouted, 'Hurry and cut, it’s going to zero,' but not long after, it rebounded. Those who sold at the low point regretted it deeply. The more it feels like this, the more you need to hold your hands steady, observe the situation clearly before acting.
Second, if you have spot holdings in low price areas, hold them firmly. Don't forget that the expectation of interest rate cuts is still there, and it may not be just once. Looking at the long term, the foundation for quality assets is still strong. A friend of mine accumulated ETH below $3000 last year and went through several crashes without selling. Now, not only has he broken even, but he has also made a considerable profit. Low-priced spot holdings are like a stabilizing anchor that can help you withstand market turbulence.
Third, steer clear of high-leverage contracts! Opening high leverage now is no different from dancing on the edge of a cliff; even a slight misstep could lead to ruin. Just last night, there were $120 million in liquidations in ETH contracts alone; many people only intended to take a small gamble but ended up losing everything overnight. Protecting your principal is more important than anything else; as long as you have green mountains, you don’t have to worry about firewood.
$ETH's game is becoming increasingly perilous. Don't just focus on the fluctuations of the K-line; think more about the underlying financial tactics. Remember, in the cryptocurrency world, survival is the key to opportunity, and the key to survival is not letting market emotions lead you by the nose.
