Friends, I am Mig.
Today, ETH has been declining all the way, and many people might not be able to sit still, right? Don't panic, let's not hype or criticize, but speak with charts and back it up with news to analyze the market clearly.
News: The whale is trapped with 140 million, why is it still borrowing money to increase holdings?
Today's biggest news is that the institution Trend Research under Yi Lihua has added 46,000 ETH, bringing the total holdings close to 580,000 ETH, with an average price of $3,208. Currently, the unrealized loss has exceeded 140 million USD — the key point is they are still using leverage, having borrowed nearly 900 million USDT from Aave.
This reveals two signals:
First, large funds indeed have a positive outlook on ETH in the long term and are willing to buy more as the price falls;
Secondly, leverage is a double-edged sword; if it continues to drop, they will also face liquidation risks, which may exacerbate volatility.
So don't just follow the trend of 'institutions bottom fishing'; they are betting on next year, while you are playing for tonight.
Summary: Large funds are bearing the burden, but leverage is a hidden mine. Want to continue following this type of in-depth interpretation? Follow Mig, who will help you dissect the true intentions behind the news. chat room
Technical aspect: The 4-hour chart has broken out, next station is 2820 or 2700?
Look at the 4-hour K-line: MACD white and yellow lines breaking below the 0 axis, confirming a death cross, this is a signal for accelerated decline! The 3100 resistance level is as solid as a rock, and 3180 is even further out of reach. The short-term support at 2900 is already shaky, having dropped below the 2950-2920 range multiple times!
My clear viewpoint: Today is highly likely to test the support range of 2900-2880. If it directly breaks through this range, dropping to 2700 wouldn't be surprising. Remember this rule: MACD crosses below the 0 axis, and any rebound is an escape opportunity!
Summary: The technical aspect is bearish, don't guess the bottom. Want to track point changes in real-time? Mig often sends reminders in the village, so you better keep up. chat room
Retail survival guide: Four steps to protect your principal.
Thinking about bottom fishing: especially don't learn from institutions leveraging. They are long-term layouts, and you are short-term speculation, which is different.
For those with positions: Set a stop loss around 2900, don't let losses expand.
For those without positions: First, wait for a stable volume above 3000, second, MACD returns to the 0 axis and forms a golden cross. Before that happens, watch more and act less.
Mindset control: Just turn off the software and go celebrate. The market won't get better just because you're watching.
The market is always changing, but logic doesn't change: after a big drop, there will be a rise, and after a big rise, there will be a drop. The key is whether you are prepared.
Mig is here every day, accompanying you to watch the market, review, and sort out logic. If you don't know the specific entry and exit points, and for those holding positions, you can follow Mig, who will announce daily coins and entry points as well as exit timing in the chat room!!
