⚠️Beware! The ETH Flash Crash of 10% Hides Three Major Dangers
While everyone is shouting 'buying opportunity,' I want to show you a shocking set of data: last night's ETH flash crash of 10% caused over $520 million in liquidations across the network, and this is not a coincidence! The tragic scene of Bitcoin's 30% flash crash in July 2019 is repeating itself; at that time, the main players used false breakouts to lure buyers before flipping the market, which is similar to how ETH created a 'bull trap' at the $2670 resistance last night!
Looking at technical indicators can be chilling! The 4-hour MACD had already shown a death cross three days ago, and after violently breaking through the lower Bollinger Band, there was no strength to rebound. More critically, the amount of ETH held on exchanges has plummeted by 18% in a week, and the market cap of USDT has shrunk by $700 million simultaneously—this clearly indicates institutions are quietly maneuvering!
Don't let the 'bull market narrative' blind you! On-chain data shows that whale addresses are frantically transferring ETH to exchanges, and the net outflow of stablecoins has reached a three-month high. Remember the '312 crash' in 2020? At that time, the RSI oversold signal was continuously breached; now, the daily RSI of ETH has dropped to 28 but is still declining in volume, indicating that the real panic selling has yet to be fully realized!
Hesitation at this moment is a deep abyss! Smart money has already positioned itself in USDC for hedging; do you still want to be the last one left holding the bag? 🚨 Immediately check your leverage position; if it falls below the $2430 support level, you must decisively cut losses! Bull markets have always been a bloody reshuffle of assets, and this crash may be the last chance bestowed upon you to adjust your positions 🔥
(Risk reminder: Digital currency is highly volatile; the above analysis is for reference only, please invest rationally)