Brothers, pay attention! A thrilling billion-dollar showdown is unfolding on the ETH market. Two whales holding over $100 million in funds are engaged in a fierce battle at the crucial price of $4,700. This is not an ordinary long-short contest, but a capital war that could determine the short-term fate of ETH.
At 12:30 last night, while retail investors were still dreaming, the first whale had already quietly made a move. A $100 million short position crashed down to $4,730, with the liquidation line set at $5,350. This operation was ruthless—caught at the upper edge of the consolidation range and timed during the weakest liquidity hours, clearly aimed at catching the bulls off guard.
But the bulls are not to be underestimated! At 7 a.m. this morning, another whale with $100 million aggressively counterattacked. The long position at $4,750 was directly $20 higher than the short's cost, but the liquidation line was only set at $4,599. This is completely a "win big or get liquidated" desperate play!
Currently, ETH is stuck around $4,740, just a step away from both sides' cost lines. The key to this showdown is already clear: $4,750 is the last defense line for the bears, while $4,600 is the lifeline for the bulls. More excitingly, the bears have a $600 safety cushion, whereas the bulls only have a $140 buffer—this means the bulls could be taken out by a sharp drop at any moment!
As an experienced trader, I must remind everyone: such levels of confrontation often come with severe price volatility. Whichever side wins may trigger a chain reaction. If it breaks $4,750, it could head straight for $5,000; if it falls below $4,600, even $4,300 may not hold. Tonight may likely bring clarity, so I advise everyone to fasten their seatbelts, manage their positions carefully, and avoid getting caught in the crossfire of the whales' battle! Attention contract players! What you call "5x leverage is already conservative" is simply self-deception. Today I want to break this illusion—talking about leverage multiples in crypto is meaningless; what’s truly deadly is risk exposure.
Now do you understand why most people get liquidated? They made two fatal mistakes:
First, mistaking platform leverage for actual risk. The platform shows 10x leverage is not scary; what is scary is risking all your principal.
Second, ignoring the volatility characteristics of the crypto market. A 5% daily fluctuation for BTC is normal, while altcoins can fluctuate by 20%. Using stock market leverage thinking will undoubtedly lead to disaster.
True professional players adhere to three iron rules:
Single trade risk should not exceed 2% of the principal (for example, for a $10,000 account, the maximum loss per trade is $200).
Total risk exposure should be controlled within 20% (keeping 80% ammunition to cope with extreme market conditions).
Maintain a minimum of 50% time in cash (waiting for certainty opportunities).
Remember, contracts earn not money from direction but from risk management. Those players who get liquidated are essentially sending money to those who understand how to control risks. When you can achieve "when others are fearful, I am greedy; when others are greedy, I am fearful," then you have truly entered the game.
