A staggering 88 million dollars just evaporated from perma-bull portfolios, and the bloodbath is only beginning. 🩸

The reality on the $ETH

ETH
ETHUSDT
1,659.36
-0.10%

USDT chart right now is utterly terrifying. The price dropped -4.82% to 1,657.32, completely destroying 341 whales who aggressively forced 326.44M USDT into long positions. They are now facing an apocalyptic -$88,757,935.13 in unrealized losses. On the other side of the trade, 881 whales shorted with a massive 1.11B USDT and are feasting on +$112,713,955.73 in profit. The ratio is a bleak 29.32%.

This is a structural breakdown, not a simple dip. I am going short to ride this historical wealth transfer before the ultimate liquidation wick happens.