Two days ago, the whale with the address #以太坊的未来 borrowed 1752.5 USD to short sell, thinking it could buy the dip on Ethereum's correction, but instead, ETH rose instead of falling. Within 20 minutes, it was forced to buy back at a high price of 1778.5 USD — resulting in a loss of 208,000 USD.
Even more ironic, this whale's holding address had just suffered a liquidation of 1.12 million USD on SOL last week, and now it has stumbled on ETH, truly a 'reverse indicator machine.'
This loss is essentially a delayed reaction to short-term positive news and a lack of stop-loss settings.
— The iron law of the crypto circle is once again validated: during a period of fluctuations without a strong trend, going short against the trend is just providing liquidity to the market, especially when positive expectations arise on-chain. It is better to wait for the trend to clarify than to chase the highs and lows.