【Shock-level Sell-off! Some Fish Cuts Loss and Exits, ETH Faces Bloodbath!】
The Ethereum storm is back! Just now, an address associated with World Liberty Financial (capital force related to Trump) frantically sold 20,000 ETH at a loss of up to 55%, with a market value of about 8.01 million dollars, directly smashing the market to intimidate everyone!
This sell-off had an average price of only 1,465 dollars, far below the initial high purchase price of 3,259 dollars, with a total loss of about 7.9 million dollars, one word: ruthless!
Not only that, this entity had previously purchased a total of 67,498 ETH, with current unrealized losses reaching 125 million dollars, leading the market to start questioning: Is this capital maneuvering or a complete flat-out?
Meanwhile, there are significant movements on-chain:
Some Fish liquidated 10,000 ETH, holding it for over 900 days, ultimately only making a profit of 2.75 million dollars, choosing to take profits instead of selling at the high point;
Another Fish had to inject 14.5 million dollars to avoid liquidation and preserve 220,000 ETH;
Furthermore, another Fish was liquidated for 67,570 ETH on the DeFi lending platform Sky, with losses exceeding 106 million dollars!
Currently, the ETH price is only 1,472 dollars, down over 6% in one day, and has plummeted over 56% since the beginning of the year. Although the market once hoped that Trump's presidency would boost crypto assets, reality keeps slapping back.
Key technical level: $1,200~$1,300 is the short-term key support area. If it loses this level again, it may trigger a larger-scale retail sell-off wave.
Brothers, this is both a crisis and an opportunity. Is it fear-driven stop-loss, or are you taking advantage of the fire? Are you the one being harvested, or the winner who timed the bottom? #bnb #DOGE #SUİ #slo #ADA $BTC $XRP $SOL