Who understands, family! I stumbled upon Abraxas Capital's operational news in the early morning, and I slammed the table: this is the ultimate play of the old foxes in the crypto circle, a textbook level of 'after eating the meat, still licking the plate'! Compared to those FOMO groups who chase highs and cut lows, their strategy from May until now is simply welding 'patience is a virtue' on their forehead.
First, let me highlight for the new brothers: this person has been positioning for ETH short since May, enduring a massive pressure of 267 million USD in short positions for over half a year. Now, suddenly, they have closed out 240 million, leaving with a full basket of profits and leaving gracefully. What's even more incredible is that they didn't deposit the money in the bank to earn interest, but instead turned around and increased their HYPE spot position. In my view, this operation is not a panic exit at all, but rather the script of 'tactical repositioning' for short positions has played out, and they are switching ecosystems to continue earning.
Many people are panicking: does the whale's liquidation mean it’s going to rise? I advise you to calm down; this is exactly the core message I want to convey. After eight years of navigating the crypto market, I know one thing for sure: significant liquidations by whales are never a 'switch' for price movements but rather a 'trend warning system.' The liquidation price of $2932 is a golden reference point; it doesn’t mean that breaking it guarantees a rise, but it indicates that the bearish forces in this area are already 'tired.' Just like how financial stocks rebounded after being forced to cover their shorts, such large-scale profit-taking is often a signal that the bearish narrative is coming to an end, rather than a call for bulls to charge.
Don't just listen to analysis; here comes the practical strategy, all based on my real experiences and lessons learned:
First, pay attention but don't get overly excited. Never rush in with all your capital just because a whale is liquidating; the market is full of 'expert bag holders.' However, the attention level on ETH must be heightened, especially in the critical area of $2930. If it can stabilize here and break through the recent consolidation high with volume, that would be a clear signal for bulls to take charge. Until then, everything is just 'speculation.'
Second, trading should come with a 'plan.' When a confirmation signal actually appears (for example, closing above key levels for two consecutive days), don’t go all in. Gradually building your position is a lifesaver for retail investors; for instance, start with 30% of your position and set your stop-loss just below $2930. Remember, we follow the trend, not bet on trend reversals; leaving enough room for error allows us to survive longer in the market.
Third, play dead during sideways markets. If the market is still dragging along without making a move, staying on the sidelines is the best action. Abraxas only leaves after making enough profit, and we don’t need to gamble on the direction of a sideways market with our capital. Just like pulling back a fist before throwing a punch makes it stronger, patiently waiting for the market to provide a clear answer is a thousand times better than acting blindly.
Finally, let me share my heartfelt thoughts: the movements of the whales are a map, not a command. It only tells us, 'There was a fierce battle between bulls and bears here, and the bears have retreated,' but whether the next round will be a bull attack or a sideways consumption is up to the market to decide. We small retail investors should not think about betting against the whales; understanding the map, checking our ammunition (controlling position), and waiting for key moments is the true essence of guaranteed profit.
To be honest, short covering in a bull market is fuel, but until the trend is clear, it is merely an alert that 'conditions have changed.' I will closely monitor ETH's on-chain data and key levels every day, and any significant movements will be reported immediately in the comments. Follow me so you don't get lost @男神说币 #巨鲸动向 $BTC
