ETH plummeted by 200 points overnight! Whales liquidated over 200 million; are you still stubbornly holding your long positions?

Last night, the 3240 level seemed unbreakable, with whales aggressively increasing their positions, and the entire network was bullish. However, in the middle of the night, a sharp drop pierced through to 3041, resulting in a 200-point plunge with bloodshed across the board. The liquidation chart over the past 24 hours is a sea of red, with long position liquidations reaching as high as 248 million USD in just 12 hours.

Are you also following the trend and heavily invested in long positions, now seeing your account in the red and feeling anxious? Don’t panic; this sharp decline is not coincidental. From the main order book, we can see a significant selling pressure accumulating around the 3086 level, with prices repeatedly testing but failing to break through, indicating that the main players have long been laying down a short trap. What you think is a sideways consolidation is actually leading you into a trap.

If you are still stubbornly holding or adding to your positions, or even thinking about bottom-fishing, wake up! The market has entered a stage of 'killing the longs,' and the next wave of liquidations may be just around the corner. Now is not the time for reckless trading; you need someone who truly understands the intentions of the main players and can help you see the direction clearly.

I know you urgently need two things: a clear cut-loss/additional investment strategy and a real signal that can help you turn the tide against the wind. Follow me; in the chat room, I will provide a lifeline for all players who are trapped.

Wealth does not come through haste; making money in the crypto space relies on understanding and patience, not shortcuts and luck! Follow Hongcai and participate in every offensive of Hongcai! Hongcai will announce specific entry times and real-time news every day at the God of Wealth's house! #加密市场反弹