Ethereum plunged late at night! Whales were liquidated, should retail investors run or squat?

Last night, Ethereum suddenly dropped, leaving many people bewildered when they opened their eyes. The reason is not complicated; there was a vulnerability at Yearn Finance, which was exploited, causing the ETH futures market to suffer as well, leading to over $600 million being liquidated in one go. I heard that a major investor from Taiwan almost lost 3300 ETH due to high leverage.

Is this a big deal? It’s not small either. The market is inherently sensitive; any slight disturbance can easily cause panic, especially in a situation like this where real money is being liquidated. However, I must say, don’t just focus on the price and rush in a panic. Every time such incidents occur, there are two types of people in the market: one panics and acts chaotically, while the other calmly looks for opportunities.

For us retail investors, it’s crucial not to follow the crowd recklessly at this time. When the market fluctuates, chasing after rising prices and selling in a panic can easily result in getting slapped around. My view is: if you have ETH, don’t sell everything just because it drops a little; see clearly if there’s really danger; if you've been waiting and watching, now might be a good time to slowly pick your opportunities, but remember—don’t go all in at once, take it in batches, and make sure you can sleep at night.

The market won’t keep dropping indefinitely, but it won’t bounce back immediately either. It needs time to digest the news and repair emotions. Don’t let short-term fluctuations throw you off rhythm; hold onto the assets you truly believe in, don’t play with too much leverage, and don’t act rashly based on rumors.

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