Kai Ge's reasons for shorting ETH are as follows:
Currently, the exchange rate has become unhealthy, BTC is declining, SOL is declining, and ETH is rising. Generally, SOL tends to reach its peak first, and ETH will rally in reverse before the decline.
Currently, the holding positions are also quite unhealthy; the long positions in Bitcoin contracts have exceeded the funds for the spot market driven by the market makers, while a massive amount of short contracts was completely executed yesterday at the peak. It seems that the market makers are manipulating the price by squeezing the shorts to push the price up and then starting to execute the shorts.
Kai Ge has shorted ETH; if you want to short, short the weak, and if you want to go long, go long on the strongest. The strong will remain strong, and the weak will remain weak.
