"There are only two types of people in the crypto world: those who gamble their lives at the liquidation point, and those who watch others liquidate while counting money." — Tonight, the Ethereum range of 4200-4400 USD is the most dangerous 'gambling table' of 2025.

Data speaks: The 'Guillotine' built from 1.6 billion dollars

On-chain liquidation data shows that around 4200 USD and 4400 USD, 1.63 billion dollars of liquidation powder kegs have accumulated in ETH. What does this mean? It is equivalent to tying 1/3 of the entire crypto market's daily trading volume to these two price points.

Even scarier, the current order volume on exchanges has plummeted by 63%, and liquidity is as thin as paper. Once the price breaks through any level, it will trigger a chain liquidation like dominoes, and the price may instantly surge or plummet by 20% — falling below 4200 means bloodbath for longs; breaking above 4400 means complete annihilation for shorts.

Market maker's script: first smash the market, then pump it up, retail investors become 'ATM machines'.

Late last night, a certain whale address quietly placed an order for 5000 ETH at 4250 USD, while the open interest for 4400 USD call options on Deribit surged by 300%. This move is clear to the discerning: first smash the market to ignite the bulls, then pump to harvest the bears, a double kill setup is already in place.

Even more explosive, V God is reported to have had secret meetings with the SEC, and the approval for the ETH spot ETF may be advanced to August 15. Policy sword + technical liquidation point, tonight is destined to be a double nuclear explosion of 'policy + technology'.

Retail self-rescue guide: Either run away or go all in.

Three major exchanges have secretly lowered the leverage multiples, smart money has already started to act:

  • Break below 4200 USD: Immediately close long positions, reverse to open short, target 4000 USD psychological level;

  • Break above 4400 USD: Go all in to chase the rise, 4500 USD is just the starting point, 4800 USD historical high must be broken.

Ultimate warning: Three major bombs will explode tonight.

  1. Federal Reserve Chairman Powell's speech: If he hints at an interest rate cut, ETH will be the biggest winner, with funds flooding in from the US stock market;

  2. Tether issues an additional 500 million USDT: Whales' ammunition is loaded, funds for the pump are in place;

  3. Binance ETH perpetual funding rate -0.3%: Shorts are crowded to the extreme, a short squeeze is imminent.

Can your position withstand tonight?

"4200 and 4400 are not just prices; they are life and death lines. Either take off by stepping on others' liquidation orders, or become someone else's stepping stone." — Check your leverage ratio immediately, let's witness history together tonight!#比特币市值超越亚马逊